Will Tom Brady get approval for partial ownership of Las Vegas Raiders?
As he attempts to purchase a percentage of the Las Vegas-based team, it may be that the seven-time Super Bowl winner is about to get the green light.
It appears that the legendary quarterback has a lot going on at the moment. Not only is he about to make his FOX Sports debut, but he appears to be nearing the finalization of his bid for a stake in the Las Vegas Raiders as well.
Tom Brady drawing closer to Raiders bid approval
On Sunday night, Tom Brady will make his highly anticipated debut in broadcasting with FOX Sports a part of the network’s panel of NFL analysts. Needless to say, it’s a move that has been extensively reported on and is widely regarded as the biggest we’ve seen on TV for years. Yet, at the same time, Brady has been seeing another one of his moves come to fruition i.e., his bid to buy a 10% stake in the Las Vegas Raiders. As we know Brady’s transaction has been delayed for some time due to a number of concerns surrounding the price of purchase, but that may be about to change.
According to recent reports, the vote of approval required by other franchise owners could be completed as early as October. Should be the case, a subsequent decision could be taken in December when the NFL holds its labor seminar and special league meeting. Whatever the case, all indications seem to suggest that Brady will in fact receive approval by the conclusion of the 2024 season. Needless to say, that represents a major victory for a bid that has seen - as mentioned before - a number of obstacles.
Aside from the initial hang-ups surrounding the price at which Brady intended to purchase his stake - the NFL’s finance committee felt it was too low - there were also concerns about a possible conflict of interest where his new role as part of FOX’s No. 1 NFL broadcasting team. The latter is a situation that has seemingly been put to bed after reports suggested that all parties involved had worked out the kinks. Of course, Brady’s new job will undoubtedly limit the access that he has to other teams in the league. Indeed, it is understood that he now faces several restrictions as a result such that he will not be permitted to enter team’s facilities, watch them practice, or attend broadcast production meetings. Nonetheless, we imagine he’s happy with what appears to be a major step forward in his bid.