What Is Next for Tom Brady? NFL’s Finance Committee Including Robert Kraft & Clark Hunt Raise Issues on Raiders Deal

Tom Brady’s prospective deal to become a part owner of the Las Vegas Raiders has hit a ditch, and it’s uncertain if he can get away with what he wants. The 7x SB champ has pursued this deal for at least 10 months to acquire about 10% share. The NFL finance committee, which must approve the deal, is meeting next week in Orlando.

Last year, the NFL finance committee was formed to “address all aspects of ownership policy” after the Washington Commanders’ sale incident in July. Kansas City Chiefs owner Clark Hunt heads this committee, and New England Patriots owner Robert Kraft is one of the four committee members. Despite having Brady for most of his career, Kraft is complying with the committee to address the issue of the NFL GOAT’s Raiders deal.

Tom Brady’s proposed deal isn’t sitting well with the NFL finance committee 

According to a recent Las Vegas Review-Journal post, Tom Brady’s bid to purchase a minority piece of the Raiders is not expected to go to NFL owners for approval next week. The current valuation of the Raiders is $6.2 billion, while Brady’s current stake with the franchise is between 5% and 10% at $434 million. The proposed deal is that Brady and his investment group head, Tom Wagner, also the co-founder of Knighthead Capital Management, aim for an approximate 10% stake. 

According to an informed source, this hike in the percentage has brought about reservations and holdups in the finance committee. In response to the proposed deal, an NFL spokesman said: “The matter remains under review by the financing committee.” A high discount could snatch off the chance to maximize the profit by the other NFL owners. Besides, with the change in the ownership rule of the NFL, Tom Brady may have to reconsider his bid.

Navigating the restrictive NFL ownership rules

Last year in July, tensions rose when NFL owners unanimously voted for the sale of the Commanders from Daniel Snyder to Josh Harris for $6.05 billion. Following that incident, the finance committee was formed, wherein they took the reins of every ownership aspect. The rule holds that the lead investor of an ownership group must have a minimum of 30% equity stake in the purchase and that the ownership group shouldn’t have more than 25 people.

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The NFL’s ownership rule also implies that private equity firms, sovereign wealth funds, and public corporations cannot own shares. Perhaps the owners will discuss the stake sale in detail in the coming months. However, as for the meeting on March 24, the vote isn’t expected to occur.

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