Over a year ago, Tom Brady agreed in principle to become a part owner of the Las Vegas Raiders franchise, but the sale has yet to be approved by the other NFL team owners for a variety of reasons, and it sounds like Brady is going to have to wait even longer.
According to a report from Mark Maske of the Washington Post, the NFL team owners are next expected to approve Tom Brady as a part owner during the league meeting later this month unless something changes.
“NFL team owners are unlikely to take a vote at next week’s annual league meeting to approve Tom Brady’s bid to become a part owner of the Las Vegas Raiders, two people familiar with the owners’ deliberations said Tuesday,” Maske wrote for the Washington Post.
“The prospective deal by which Brady, the seven-time Super Bowl-winning quarterback for the New England Patriots and Tampa Bay Buccaneers, would purchase a minority ownership stake in the Raiders under principal owner Mark Davis remains on hold, barring a last-minute change next week.”
While Brady and Raiders team owner Mark Davis have agreed to the deal, there are a few reasons why the other team owners have been reluctant to approve the deal, including a rule the prohibits team employees from having ownership stakes, the fact that Brady was getting a massive discount on his purchase, and a potential conflict of interest with his upcoming career as a Fox NFL analyst.
Obviously, it’s pretty horrible news for Brady that the owners still have not approved the sale more than a year later, and the NFL world had a lot to say about it on social media.
https://twitter.com/Hervvee/status/1770268636432785694?s=20
I have a hard time seeing what/how that would benefit the Raiders so Im not losing sleep over it.
— Sonic Raider (@SonicRaider2) March 20, 2024
They don’t want Tom in Vegas , they are still mad about the discount price for shares
— Pete.w.freaks (@W24601W) March 20, 2024
The Josh McDaniels of NFL minority owners
— Mo Persinger (@hmpersinger3) March 20, 2024
really? any other team than @raiders this woulda been approved last year. so pathetic @nfl @nflcommish
— Kyle Lewis (@KyleLewis2483) March 20, 2024
So it’s ok to be a part owner and be in the booth for games?
— Blackjack (me/myself/I) (@blackjack_hawk) March 20, 2024
We’ll have to see if the sale is ever approved.
