Nearly a year ago, Tom Brady and the Las Vegas Raiders announced plans for the legendary quarterback to join the team’s ownership group with a minority stake in the team. And after a pretty lengthy delay, it sounds like that deal is finally about to become official.
According to a report from league insiders Tom Pelissero and Ian Rapoport of NFL Media, Tom Brady has cleared all the hurdles that were preventing the deal from becoming finalized and he is expected to officially become a league owner in the near future.
“Brady’s pending investment in the Raiders was recently altered to reflect the proper valuation of the team, and league sources say he has reached the threshold to clear the NFL’s hurdles and officially join the ranks of ownership,” NFL Media reported on Sunday.
“The plan is for the NFL’s Finance Committee to consider Brady’s investment on March 4 or 5 when members meet in New York, sources say. If all goes well, final approval should happen at the NFL Annual League Meeting in Orlando from March 24-27.”
Obviously, this is pretty major news for Tom Brady, and the NFL world had a lot to say about it on social media as a result.
Can he announce if he is part owner? Seems like a conflict of interest
— Todd (@pilprin) February 11, 2024
Will other teams trust a minority owner of the Raiders in production meetings or to call their games?
— Leon Jaydee (@Leonjd) February 11, 2024
I’m praying & hope Mark tried or already has former Raiders to have a piece of ownership as well. I understand the strategy with having Tom Brady but don’t feel like this is entirely a good move. Wish I could be at the press conference to ask more pointed & detailed questions
— JAYFORCE (@Jayforce) February 11, 2024
Is he allowed to work Raiders games for Fox?
— HawaiiGiggity (@HawaiiGiggity) February 11, 2024
Good investment now they’re out of Oakland
— Skizer (@Skizer68) February 11, 2024
Good. https://t.co/kB1NIj3yO2
— deveion mcclain-hall (@Agent_Deveion) February 11, 2024
It may have taken some time, but it looks like the deal is going to happen, after all.
