Tom Brady's long road to owning part of the Raiders is finally coming to an end.
The NFL legend is expected to be approved as a minority owner of the Raiders at the league's fall meetings in Atlanta on Tuesday. According to ESPN.
Brady's bid has already been reviewed and unanimously approved by the NFL's Finance Committee, and 24 of the league's 32 owners will vote on whether to approve Brady's bid.
Mr. Brady's minority ownership appears to be in trouble, as the commission reportedly will not present a bid to the owners if it is not approved.
A source also told ESPN that no one on the finance committee could recall the last time an NFL owner voted against a unanimous recommendation by the committee.
Brady, who is also involved with Birmingham City Football Club and the Las Vegas Aces, said he and businessman Tom Wagner will buy about 10 percent of the Raiders' stock from team owner Mark Davis. It is expected.
The initial deal was agreed in May 2023, then an adjustment was needed as the Finance Committee believed the offer was too discounted.
“I'm excited for Tom to join the Raiders,” Davis told ESPN at the time of his initial signing in 2023. “And he'll be the third player in National Football League history to become an owner, so that's very exciting.”
The other two owners are George Halas (Bears) and Jerry Richardson (Panthers).
Brady is in the first few weeks of his 10-year, $375 million contract with Fox as an NFL analyst, covering a game from the other side for the first time since retiring in 2023.
Brady joins an elite club of notable former athletes to join professional teams, including Michael Jordan (Bobcats/Hornets), Alex Rodriguez (Timberwolves) and Patrick Mahomes (Royals).
