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Sources: Tom Brady expected to be approved as Raiders minority owner

Oct
13
10/13/2024 4:25:17 PM
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Tom Brady is expected to be approved as a minority owner of the Las Vegas Raiders at Tuesday's NFL fall league meeting in Atlanta, league sources told Adam Schefter of ESPN on Saturday.

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 be approved, which now appears to be a formality.

The finance committee unanimously approved Brady as minority owner, and no one could recall the last time 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.

 

 

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