Updated Sep 17, 2023 11:25 GMT
For all intents and purposes, Tom Brady may be involved as part of the Las Vegas Raiders ownership group. However, the NFL has not yet officially approved the deal.
According to a report from NFL Network’s Ian Rapoport, the league will likely vote on Tom Brady’s ownership of the Raiders later this year.
The seven-time Super Bowl champions previously purchased a similar stake in Raiders owner Mark Davis’ WNBA franchise, the Las Vegas Aces. The Aces were crowned WNBA champions last season.
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According to the same report, a vote on whether Brady is crowned NFL owner could come at October’s fall league meeting when the remaining team owners meet. The same vote was absent at the last meeting in Minneapolis.
However, Rapoport also said there is still “a lot to be sorted out” in terms of financing in a deal for Brady to join the Raiders ownership group.
There is no guarantee the vote will pass in October and the next meeting in December could also be an option, the report said.
The NFL Network report further stated that until Brady’s NFL ownership is finalized, he could technically return to the league. There were rumors that the New York Jets were considering recalling him in the wake of Aaron Rodgers’ season-ending injury. Those reports have since been denied.
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Although the exact percentage of Brady’s Raiders stake has not been made public, given that he was brought on board as a minority owner, the piece is likely to be well below 51%.
The Raiders deal will add to their multi-million-dollar investment portfolio, which also includes Autograph (an NFT platform) and Brady Brands, an apparel company that focuses on high-performance athletic apparel.
The deal was first reported earlier this year in May. Brady, of course, retired only three months before that deal, saying goodbye to his career ‘for good’ this time.
The iconic retired quarterback was previously linked to a move to the Miami Dolphins ownership group. Amid intense speculation over this, the Dolphins were accused of ‘tampering’ with a first-round pick in the 2023 NFL Draft as the league veteran was still employed by the Buccaneers at the time.
Dolphins owner Stephen Ross was fined $1.5 million after a six-month investigation.