Several months ago, recently retired seven-time Super Bowl champion Tom Brady agreed to become a minority owner of the Las Vegas Raiders franchise. But after several months and multiple league meetings, his purchase of the share of the team has still not yet been approved by the other league owners, and another meeting passed without Brady getting that approval.
As Mike Florio of Pro Football Talk points out, there are several hurdles to Brady’s ownership stake getting approved by the owners, including the fact that it seems Tom Brady is getting as much as a 70 percent discount on the sale.
“The problems, based on reporting from the league’s October meetings indicate, include the recent rule against giving equity to employees to Brady’s upcoming broadcasting career with Fox to a discount of as much as roughly 70 percent of the purchase the price charged by Davis to Brady for up to 10 percent of the team,” Florio wrote for Pro Football Talk.
It’s pretty terrible news for Brady as he continues to be blocked from entering the business side of the league, and the NFL world had a lot to say it on social media.
Totally understand
— Hamza Haider (@HamzaHaider480) December 16, 2023
Brady is going to be broadcasting Raiders games on FOX. Seems like partial ownership and impartiality are incompatible. @NFL
— M🅿️F official (@mplspatsfan1) December 16, 2023
To whoever said, "money don't buy love," one look at this guy and that proves that's not true. I saw Amish people in the emergency room last night, and their haircut is better than his. It's evident that money can indeed buy happiness.
So If any single ladies out there are…
— GEO (@GEO20live) December 16, 2023
Not sure why Brady needs such a discount if you have been tracking the value of the Raiders. It’s only going in one direction. Imagine if they actually start winning.
— Scott C (@thenoffer) December 16, 2023
Tom was just doing it for his friend Jimmy G. Now he should just back out of it knowing the Raiders isn't a good investment.
— MJEyeoftheTiger 🐅 (@MJREALESTATE10) December 16, 2023
Should come back and play a few more years to get his money up! 🤞🏽 https://t.co/k1gzBsiKe5
— 🅱️ (@BGOMES8888) December 16, 2023
We’ll have to see whether or not Brady’s sale is ever approved.
