Tom Brady’s bid to buy a piece of the Raiders has hit a snag.
NFL owners are “not expected to ratify” his minority ownership status at their meetings on Oct. 17-18 in New York as “concerns” have arisen about Brady getting the stake at a steep discount, according to a report from
The outlet cited a source as saying that Brady would be unlikely to be approved by the league’s finance committee at the given price, and said it was unclear whether Brady would be willing to increase his bid. The story specified that Brady would be purchasing a stake of between 5 and 10 percent of the franchise, and the estimates of the league finance committee were that he would be receiving a discount relative to the market value of up to 70 percent.Tom Brady’s Raiders ownership stake is unlikely to be approved at the price he agreed to with team owner Mark Davis.
Nevertheless, there was reportedly a sentiment that the ownership collective does want Brady to take a stake in the Raiders and that “maybe there’s a compromise” to be had., but speculation as to whether he’d come back will likely linger as long as his deal with the Raiders has not closed.Larry BrooksWhy a quiet offseason is no reason for the Knicks or their fans to panic
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