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Tom Brady’s deal with the Raiders to acquire a minority stake in the team has not yet been approved by NFL owners, according to NFL team owner Ben Wallin. Boston Globe.
Wallin reported that the league’s finance committee believed the discount Raiders owner Mark Davis offered Brady in the deal was too large.
Colts owner Jim Irsay confirmed Washington post According to reports, Brady’s transaction value is 10% of the team. According to Forbes, the Raiders are worth approximately $6 billion.
“We are working hard to resolve this issue,” Irsay told Earth. “The number has to be a reasonable number for Tom’s purchase price, that’s the only thing. If reasonable value says… 10 percent should be $525 million, then you can’t pay $175 million.”
Wallin also reported that some owners may have questions about Brady’s broadcast deal with Fox Sports. Walling said it could be “very awkward” to be a part-owner of a team that broadcasts NFL games.
The owners will meet again in December in Irving, Texas. Wallin wrote that Brady’s trade won’t be approved until then.
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