Tom Brady is predicted to be accredited as a minority proprietor of the Las Vegas Raiders at Tuesday’s NFL fall league assembly in Atlanta, league sources instructed ESPN on Saturday.
The NFL’s finance committee has reviewed Brady’s bid and plans to convey it to the opposite homeowners to vote, with 24 of the league’s 32 homeowners wanted to approve it.
However as one supply instructed ESPN, the committee wouldn’t be bringing Brady’s bid to the homeowners to vote if it weren’t going to be accredited, which now seems to be a formality.
The finance committee unanimously accredited Brady as minority proprietor, and nobody may recall the final time homeowners voted towards the finance committee’s unanimous advice, sources instructed ESPN.
Brady subsequently is days away from buying roughly 10% of the Raiders, together with businessman Tom Wagner, from proprietor Mark Davis. It’s a transaction that was agreed to in Might 2023 however wanted to be refined and adjusted after the league’s monetary committee believed the preliminary supply was too discounted.
“We’re excited for Tom to hitch the Raiders,” Davis instructed ESPN’s Paul Gutierrez on the time of the preliminary settlement. “And it is thrilling as a result of he can be simply the third participant within the historical past of the Nationwide Soccer League to develop into an proprietor.”
George Halas and Jerry Richardson are the opposite two.
Earlier than what turned out to be Brady’s ultimate NFL season in 2022, the seven-time Tremendous Bowl-winning quarterback agreed to a 10-year, $375 million contract to hitch Fox as an analyst as soon as his enjoying profession was over. He retired in 2023 and agreed to start at Fox for the 2024 season.
Brady, 47, is predicted to develop into one of many highest-profile former athletes to personal a bit of a workforce, becoming a member of all-time greats comparable to Michael Jordan, who grew to become half proprietor of the Bobcats/Hornets franchise; Magic Johnson, who was a part of an funding group that purchased a stake within the Dodgers and Commanders; Dwyane Wade, who bought an possession stake within the Jazz in 2021; Alex Rodriguez, who grew to become half proprietor of the Timberwolves in 2021; Mario Lemieux, who has owned the Penguins since 1999; Patrick Mahomes, who grew to become half proprietor of the Royals in 2020; Warrick Dunn, who’s a restricted associate with the Falcons; John Stallworth with the Steelers; and Lewis Hamilton with the Broncos.