It’s no mystery why NFL teams want Tom Brady to be part of their ownership groups. He’s the greatest winner in NFL history and he’s brought attention to the fact that maybe some of his leadership will have a positive impact on the team.
Brady can’t just get an ownership stake, however.
Mark Musk and Nikki Jhabwala of The Washington Post report that Brady’s ownership stake in the Las Vegas Raiders remains on hold, in part because of the discount he received. “The deal is unlikely to be approved at the proposed price,” one of three sources cited by The Washington Post said. Brady is believed to be likely to receive as much as About 70% off. The Washington Post said it is believed Brady will buy 5% to 10% of the Raiders’ shares, which Forbes valued at $6.2 billion in August this year.
In May, reports surfaced that Brady was buying Mark Davis’ stake in the Raiders. Brady retired from the Tampa Bay Buccaneers after last season. “The Washington Post” stated that it is unclear whether Davis and Brady will modify their transactions to meet the requirements of the league’s finance committee.
NFL owners are not expected to approve a deal that would see Brady become a partial owner at the league’s Oct. 17-18 meeting, the Washington Post reported. It must be approved by 24 of the 32 owners.
Presumably, the NFL wants Brady to be as involved in ownership as Davis is. He is one of the iconic figures in league history. In the “Washington Post” report, there was speculation that someone within the league wanted the deal to go through, and perhaps a compromise could be reached. Brady always excels in the final two minutes of games. Maybe he can also pull off a last-minute surprise with his lust for ownership.