Tom Brady’s bid to become minority owner of the Raiders could be decided NEXT MONTH, as red tape threatens to delay (or derail) NFL legend’s plans
- Reports of the 46-year-old Brady’s attempt to own the Raiders emerged in May
- He emerged as a potential short-term replacement for Aaron Rodgers recently
- DailyMail.com provides all the latest international sports news
Tom Brady’s attempt to become a minority owner of the Las Vegas Raiders could be decided next month, as fears of red tape threatening to delay or even possibly derail the NFL Legend’s plans emerge.
Reports of the 46-year-old Brady acquiring a minority stake into the Raiders, who’ve settled in Las Vegas for the last three years now, emerged in May but the purchase has yet to be finalized, according to the NFL, itself.
A vote to decide on the matter could take place as soon as next month’s Fall League Meeting, a source told league officials, but there’s still much to talk about regarding financing and plenty of information on the transaction, itself, is still needed.
There is no guarantee that the process will be complete by October, meaning the Winter League Meeting in December could be a better deadline for Brady to finally and firmly transition from being one of the best players in NFL history to becoming a minority team owner in the league.
What’s more, is that buying a share into an NFL team would effectively rule out the seven-time Super Bowl champion from ever playing again – for the Raiders or anyone else – under recently updated league laws.
Tom Brady’s bid to buy a minority share into Las Vegas Raiders could be decided next month
The Raiders are currently owned by Mark Davis, who had planned to employ Brady as part of an agreement for the NFL icon to buy into the team
In May, it was reported that Brady’s bid to get onboard of the Raiders’ ownership team hit a snag after the discovery of the NFL’s new no-equity rule, which prevents team employees who aren’t family members from being given equity in a franchise.
Raiders owner Mark Davis had planned to employ Brady as part of an agreement for the NFL icon to buy into the team and spoke against the then proposed no-equity rule over the summer in a special meeting to approve the sale of the Washington Commanders to Josh Harris.
Brady, who didn’t receive a call from the New York Jets after Aaron Rodgers’ season-ending injury, according to league officials, once called the chance to invest in the Raiders as a ‘dream come true’ and that he had been playing a ‘passive role’ within the organization.
‘If I’m looking over the course of my life, to have the opportunity to be involved in the NFL is a dream come true,’ Brady told The Associated Press in June.
‘And if I could help the NFL and continue to contribute in a positive way, then you know, that’s been a very enjoyable part of my life.’
Brady, far right, engaged in chatter with Cowboys owner Jerry Jones, center, and Davis, far left
Brady is said to have no interest in playing again following his second retirement in February. It’s been widely believed that he would have refused a chance to replace Rodgers if the Jets considered him as a short-term replacement.
‘All our lives take us on different journeys. They take us to different places. They bring different people into our lives,’ Brady said at halftime of the Patriots’ Week 1 loss to the Eagles, which is when New England honored its former quarterback, on September 10.
‘But one thing I am sure of, and that will never change, is that I am a Patriot for life.’
Brady is already an investor of the Las Vegas Aces, of the WNBA, and English soccer club, Birmingham City FC. He also owns a wellness brand (TB12) and a film and TV production house (Religion of Sports) among other ventures in his portfolio.
Brady is also set to begin a mammoth 10-year, $375million contract with FOX Sports as an NFL broadcaster next year.
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