• Sat. Mar 2nd, 2024

Tom Brady on the brink of becoming a limited owner: Delayed approval awaits at NFL Annual Meeting

ByEditor

Feb 11, 2024
Tom Brady has reportedly met the final requirements to become a minority owner of the Raiders.

Tom Brady is on the verge of becoming a limited owner of the Las Vegas Raiders. NFL Network reported that the final hurdles have been cleared for his investment, and by March 4 or 5, it will be reviewed by the league’s finance committee. The final approval will take place at the NFL Annual League Meeting on March 24-27.

The delay in the process was due to Brady and his group needing to increase their financial commitment to reflect the proper valuation of the Raiders. Some owners felt that Brady’s proposed investment didn’t match the current value of the team, so they raised the number needed to be met.

In addition to his ownership stake in the Raiders, Brady has also been advising majority owner Mark Davis on team transactions and filling out staff under new head coach Antonio Pierce. He has also teamed up with Tom Wagner, co-founder of Knighthead Capital, on deals for other sports investments.

If approved, this will mark the end of Brady’s playing career in the NFL as players are not allowed to have an equity stake in franchises.

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