Sports
Tom Brady Set to Become Raiders Minority Owner: Approval Expected Soon
Tom Brady is expected to be permitted as a minority owner of the Las Vegas Raiders at Tuesday’s NFL fall owners meeting in Atlanta, league sources advised ESPN on Saturday.
The NFL’s finance committee has reviewed Brady’s bid and plans to bring it to the alternative owners to vote, with 24 of the league’s 32 owners having to approve it.
But as one source instructed ESPN, the committee would not be bringing Brady’s bid to the proprietors to vote if it were not going to be accredited, which now seems to be a formality.The finance committee unanimously authorised Brady as minority proprietor, and no person should take into account the remaining time proprietors voted against the finance committee’s unanimous advice, assets told ESPN.
Brady is accordingly some days away from shopping for roughly 10% of the Raiders, and businessman Tom Wagner from the crew’s proprietor, Mark Davis. It is an alternate that became file-focused in May 2023, however, had to be achieved with convo and alteration, particularly due to the fact the league’s economic committee deemed the primary provide as lowly priced.
“We’re looking forward to Tom being on the Raiders,” Davis said in an interview with ESPN’s Paul Gutierrez at the time when the initial deal was signed. “And it’s interesting because he will be the only one in the history of the National Football League to turn into an owner.”
George Halas and Gerry Richardson are the other two of the group. Seven-time Super Bowl winner Brady decided on a ten-year, $375 million deal with Fox to become an analyst when his playing days were over before what proved to be his final NFL season in 2022.
He retired in 2023 and, in return, agreed to start at Fox for the 2024 fiscal year. Brady, 47, will be among the all-time greats of the sport who own a part of a team; Michael Jordan of Bobcats/Hornets; Magic Johnson, Dodgers and the Commanders; Dwyane Wade, Jazz in 2021; Alex Rodriguez, Timberwolves in 2021; Mario Lemieux, Penguins since 1999; Patrick Mahomes, Royals
FAQ
What does it imply for Tom Brady to turn out to be a minority proprietor of the Raiders?
It means Tom Brady will maintain a minority stake within the Las Vegas Raiders, giving him a small possession percentage in the NFL group without being the primary choice-maker.
When is Tom Brady predicted to be accepted as a Raiders minority owner?
Sources imply that the approval is expected quickly; however, no particular date has been publicly introduced.
Will Tom Brady have any impact over the Raiders’ operations as a minority owner?
As a minority owner, Brady’s impact might be restrained. Majority ownership and manipulation continue to be with the primary proprietor; however, he might also nonetheless have a voice in key selections.
How does this pass effect Tom Brady’s postretirement profession?
This is a new advancement in Brady’s career after retirement playing and now becoming an NFL proprietor, expanding his industrial business ventures in the NFL.
Is it normal for some of these retired players just to become part-owners of NFL enterprises?
Although no longer very frequent, there are a few ex-game fanatics who’ve grown to be possession personnel, which makes Brady’s transfer first-rate; however, no longer exceptional.
