Tom Brady is expected to be approved as a minority owner of the Raiders at Tuesday's NFL fall owners' meeting, sources told ESPN.
Adam Schefter addresses NFL owners' concerns about Tom Brady's role as a commentator and part owner of the Raiders. The NFL's finance committee has reviewed Brady's bid and plans to bring it to the other owners to vote, with 24 of the league's 32 owners needed to approve it.
But as one source told ESPN, the committee would not be bringing Brady's bid to the owners to vote if it were not going to get approved, which now appears to be a formality.The finance committee unanimously approved Brady as minority owner, and no one can recall the last time that owners voted against the finance committee's unanimous recommendation, sources told ESPN.
Brady therefore is days away from purchasing approximately 10% of the Raiders, along with businessman Tom Wagner, from owner Mark Davis. It is a transaction that was agreed to in May 2023, but needed to be refined and adjusted after the league's financial committee believed the initial offer was too discounted.
"We're excited for Tom to join the Raiders," Davis told ESPN's Paul Gutierrez at the time of the initial agreement."And it's exciting because he will be just the third player in the history of the National Football League to become an owner."Before what turned out to be Brady's final NFL season in 2022, the seven-time Super Bowl-winning quarterback agreed to a 10-year, $375 million contract to join Fox as an analyst once his playing career was over.
Brady, 47, is expected to become one of the highest-profile former athletes to own a piece of a team, joining all-time greats such as Michael Jordan, who became part owner of the
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