Brady first committed to buy a minority ownership in the Raiders back in May 2023.
However, the great quarterback’s price and deal to work for FOX Sports prompted a holdup.
DailyMail.com covers the newest international sports news.
Tom Brady is about to become a part-owner of the Las Vegas Raiders, after owner Mark Davis agreed to sell him a minority position in the team about a year ago.
Brady, widely regarded as the greatest quarterback of all time, decided to buy a minority ownership in the Raiders in May of last year, only months after retiring from the NFL.
However, the agreement has been delayed because to concerns from other NFL teams about both the price, which was thought to be below market value at $175 million for a 10% interest, and his anticipated transition into on-air broadcasting with FOX Sports.
According to a league representative, the situation is “still being reviewed by the finance committee.”
Brady’s investment group, which includes Knighthead Capital co-founder Tom Wagner, plans to buy a 10% share in the Raiders, with the former New England Patriots and Tampa Bay Buccaneers buying a 7% stake.
Brady and Wagner also co-own a plethora of other sporting franchises, including English soccer club Birmingham City, a Major League Pickleball organisation and a world-championship level auto-racing team.
