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Tom Brady’s buy of Raiders minority stake held up over ‘considerations’ from NFL house owners

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Tom Brady’s buy of a minority stake within the Las Vegas Raiders has raised considerations amongst NFL house owners. 

House owners are “not anticipated to ratify” Brady’s minority possession in the Raiders throughout conferences Oct. 17-18 in New York Metropolis over considerations concerning the worth at which Mark Davis, the franchise’s majority proprietor” is promoting it at, per The Washington Publish. 

The report cites a supply saying Brady, who can be buying 5-10% of the franchise, wouldn’t be authorized by the league’s finance committee on the worth, which is taken into account a reduction of as much as 70%. 

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Mark Davis of the Las Vegas Raiders earlier than a sport in opposition to the Los Angeles Chargers at SoFi Stadium Oct. 1, 2023, in Inglewood, Calif. (Harry How/Getty Photographs)

The supply added that the acquisition “can’t occur at that worth.”

It’s unclear if Brady would need to improve his bid for the minority stake to appease the finance committee. Nevertheless, with Raiders possession wanting Brady to personal part of the franchise, maybe “there’s a compromise” attainable. 

Forbes’ most up-to-date valuation of the Raiders has them at $6.2 billion. Brady wants 24 of the 32 NFL house owners to log off on the transfer earlier than it may be locked in by the league. 

TOM BRADY SET TO BECOME MINORITY OWNER OF RAIDERS, MARK DAVIS SAYS

Davis instructed ESPN in Could that Brady was anticipated to buy a minority stake within the franchise. 

“We’ve come to an settlement for Tom Brady to grow to be a companion within the Raiders, and we’ve submitted it to the NFL for approval. We’re excited for Tom to affix the Raiders,” Davis stated in an announcement. 

The report from ESPN on the time stated Brady wouldn’t have any “operational management or authority over the membership in enterprise or soccer issues” if he formally joined as an proprietor. 

Tom Brady poses on red carpet

Tom Brady’s stake within the Raiders is held up.  (Gilbert Flores)

Brady was already making his presence identified this 12 months. He was within the Raiders’ locker room forward of a preseason matchup in opposition to the Dallas Cowboys speaking to his former backup quarterback, Jimmy Garoppolo, who now begins for Las Vegas. 

Brady additionally purchased a stake within the Las Vegas Aces, the 2022 WNBA champions, in March.

Brady has been eager to get into NFL possession, and he reportedly tried to buy a minority stake in the Miami Dolphins in 2021 when he initially retired from the Tampa Bay Buccaneers earlier than second-guessing that call. 

The Dolphins had been finally punished by the league for partaking in communications they weren’t allowed to have with Brady as a result of he was nonetheless underneath contract with the Buccaneers.

Tom Brady in a white shirt and leather jacket soft smiles and stares right at the camera on the "80 For Brady" red carpet

Tom Brady  (Gilbert Flores/Selection)

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He retired from the NFL “for good” after dropping to the Dallas Cowboys within the playoffs.

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