NFL Rumors: Tom Brady's ownership of Raiders gets update as 7x Super Bowl champ waits on piece of $6,700,000,000 franchise
Tom Brady has rarely been out of the headlines since hanging up his cleats. A $375 million deal with Fox Sports to step into the broadcasting booth means we see a lot of the seven-time Super Bowl champion every week. He may have a job as a lead NFL analyst on a major network, but Brady's still waiting on a green light for another role — that of an NFL owner.
Brady's bid to buy into the Las Vegas Raiders ownership has been on ice for a while now, but multiple reports suggested it would be approved this year.
On Sunday, Oct. 6, The Washington Post NFL insider Mark Maske reported that Brady's deal for part-ownership of the Raiders, valued at $6.7 billion by Forbes, is "progressing toward a potential approval vote by NFL owners." Brady will either join the table when the NFL owners take a vote in nine days in Atlanta or at a later vote in December in Dallas.
However, Maske added another intriguing detail, claiming that Brady would still be paying less for his stake in the Raiders ownership than the rest of the league would like to see him pay. Maske added that Brady's renewed deal is "far more money" than what was originally proposed.
How much of the Raiders is Tom Brady looking to buy?
Per multiple reports, Brady is looking to buy a 10% stake in the Raiders. According to Forbes, the Raiders' value is up 8% from last year, with an operating income of $115 million.
How much Brady will pay for that 10% stake is up for debate. There were several rumors that the New England Patriots legend was being offered a discount by franchise owner Mark Davis.
Last year, Indianapolis Colts owner Jim Irsay all but confirmed reports that Brady was being offered a 10% stake for $175 million. Irsay raised an issue with the same in an interview with The Boston Globe, saying:
“We’re trying to work it through. The number just has to be a reasonable number for purchase price from Tom [Brady], is the only thing. If reasonable value says that 10% should be $525 million, you can’t pay $175 million.”