By Leocciano Callao, Dailymail.com
Updated at 23:07 on October 19, 2023, 05:10 on October 20, 2023
Tom Brady may have partial ownership of the Las Vegas Raiders, thanks to an offer for 10% of his shares and his upcoming role as an analyst for FOX Sports becomes complicated.
On Thursday, the Boston Globe quoted Indianapolis Colts owner Jim Irsay talking about Brady’s offer. He seemed to mention rough numbers, but Forbes had previously priced the Raiders at $6 billion.
“We are working hard to resolve this issue,” Irsay said. “The number has to be a reasonable number for Tom’s purchase price, that’s the only thing. If at reasonable value 10 percent should be $525 million, then you can’t pay $175 million.
The Globe also quoted a league source as saying that Brady’s deal with Fox in 2024 complicates the deal because “not everyone in the league is comfortable with a handful of teams also officiating games.”
Brady signed a 10-year, $375 million analyst contract with Fox that begins next season.
Brady’s business portfolio has grown significantly over the years. In addition to TB12 and Brady Brand, Brady also holds stakes in multiple sports franchises.
Brady is a shareholder of the MLP Vegas Night Owls, British EFL Championship Birmingham City Football Club and the newly crowned WNBA champion Las Vegas Aces.
Brady’s business venture inspired the likes of Patrick Mahomes and Travis Kelce to try their luck at ownership.
The Chiefs teammate recently invested in the Alpine Formula 1 team alongside golfer Rory McIlroy. Mahomes also expressed interest in owning an NFL team after he retires.
As for Brady, his wishes are on hold, but not deadlocked. While Davis is free to sell a portion of the franchise to Brady at a lower price, the deal cannot be finalized without approval from the rest of the league.
According to the Globe, the next league meeting is scheduled for December 12-13.
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