NFL analyst claims to know exact size of Tom Brady’s ownership stake offer with Raiders
Tom Brady's potential ownership of the Raiders has been long known. However, the exact size of the team he has been in line for has been a mystery. That said, fans might have received their most reliable estimate of the offer yet. Speaking on Tuesday's edition of "Pro Football Talk," NFL analyst Mike Florio claimed the chunk of the team that could go to Brady is far from a minute slice.
"[Richard] Seymour and Brady, as I understand it, were going to own 10.4% of the team. ... My understanding is it's very close to being finalized. Then the league would take it up in October at the next ownership meetings, 24 votes necessary to gain approval and the addition of Seymour," Florio said [00:01:54].
"I think the fact that at the end of the day, it's going to be fair market value for that 10.4% of the Raiders."
Hall of Famer Richard Seymour and Brady played together from 2001 until 2012. After 12 years apart, the two are on deck to becoming colleagues again. In a Pro Football Talk July 9 article, Florio wrote that Seymour's addition was a "commitment to equality."
How much could Tom Brady's Raiders stake cost?
Most NFL fans know that the Raiders are not a frugal purchase. Owning even a small chunk of any NFL team can cost tens of millions. Adding Richard Seymour to the potential 10.4% split between him and Tom Brady makes things cheaper. But that doesn't erase the massive transaction.
Forbes values the Las Vegas Raiders at $6.2 billion. A fair market price for the entire team would be that much. However, Seymour and Brady are in line to get 10.4%. It is unknown how the split would go down, but both prospective buyers would need to spend 10.4% of $6.2 billion.
This would be $620 million, not including any fees. Even for all the money Brady and Seymour have, this purchase could make a massive reworking of their investment portfolios.
According to Celebrity Net Worth, the former New England Patriots quarterback is valued at $300 million. Seymour is worth $25 million. As such, both player's combined net worths are only half as much as the asking price would be. Meaning, it might take asking for some financial backing from other sources to get the two over the hump.
Will the former Tampa Bay Buccaneers quarterback and Seymour go all-in on buying roughly 10% of the Raiders at full price?
If any of the above quotes are used, credit "Pro Football Talk," and H/T Sportskeeda.