Tom Brady’s bid to become minority owner of the Raiders could be decided NEXT MONTH, as red tape threatens to delay (or derail) NFL legend’s plans
- Reports emerged in May about the 46-year-old Brady’s attempt to become owner of the Raiders
- He recently emerged as a potential short-term replacement for Aaron Rodgers
- DailyMail.com provides all the latest international sports news
Tom Brady’s bid to become a minority owner of the Las Vegas Raiders could be decided next month as fears of red tape threaten to delay or even derail the NFL legend’s plans.
Reports of the 46-year-old Brady acquiring a minority stake in the Raiders, who have been based in Las Vegas for three years now, emerged in May, but the purchase has yet to be completed, according to the league itself.
A vote to decide the matter could take place next month at the Fall League Meeting, a source told league officials, but there is still a lot to talk about on financing and a lot of information still needed about the transaction itself.
There’s no guarantee the process will be complete by October, which means December’s Winter League Meeting could be a better deadline for Brady to finally and firmly transition from one of the best players in NFL history to a minority team owner in history. League.
What’s more is that a stake in an NFL team would effectively bar the seven-time Super Bowl champion from ever playing again β for the Raiders or anyone else β under the newly updated league laws.
Tom Brady’s bid to buy a minority stake in the Las Vegas Raiders could be decided next month
The Raiders are currently owned by Mark Davis, who planned to hire Brady as part of a deal for the NFL icon to buy into the team
In May, it was reported that Brady’s attempt to come aboard the Raiders-owned team hit a snag after the discovery of the NFL’s new no-equity rule, which prevents team employees who are not family members from getting shares in a franchise. .
Raiders owner Mark Davis planned to hire Brady as part of a deal that would see the NFL icon buy into the team over the summer against the then-proposed no-equity rule during a special meeting to discuss the sale of the Commanders to approve Josh Harris.
Brady, who according to league officials did not receive a call from the New York Jets after Aaron Rodgers’ season-ending injury, once called the opportunity to invest in the Raiders a “dream come true” and that he had played a “passive role” within the organization .
βAs I look at the course of my life, it’s a dream come true to be involved in the NFL,β Brady told The Associated Press in June.
βAnd if I could help the NFL and continue to contribute in a positive way, that’s been a really fun part of my life.β
Brady, far right, was talking to Cowboys owner Jerry Jones, center, and Davis, far left
Brady is said to have no interest in playing again after his second retirement in February. It is widely believed that he would have turned down the opportunity to replace Rodgers if the Jets considered him a short-term replacement.
‘Our whole life takes us on different journeys. They take us to different places. They bring different people into our lives,β Brady said at halftime of the Patriots’ Week 1 loss to the Eagles, when New England honored its former quarterback, on September 10.
“But I know one thing for sure, and that will never change: I am a patriot for life.”
Brady is already an investor in the WNBA’s Las Vegas Aces and English soccer club Birmingham City FC.
He also owns a wellness brand (TB12) and a film and TV production house (Religion of Sports), among other ventures in his portfolio.