NFL not yet ready to vote on Brady’s bid for stake in Raiders

Las Vegas Raiders owner and managing general partner and Las Vegas Aces owner Mark Davis (L) and Tom Brady laugh as they attend Game One of the 2023 WNBA Playoffs.
Mark Davis (L), Tom Brady Photo credit Ethan Miller/Getty Images

Nashville, TN. (AP) — The NFL is making progress on Tom Brady’s bid to become a minority owner of the Las Vegas Raiders with Mark Davis.

How much closer the seven-time Super Bowl champ is to joining the league’s club of owners remains to be seen.

Owners did not vote in March on Brady’s plan to add a stake in the Raiders to his minority ownership in the WNBA’s Las Vegas Aces. The league concluded its spring meetings Wednesday at a Nashville hotel without a vote on Brady’s offer that has been pending for about a year.

“The finance committee has done their work on this, and we have a little more to do,” Commissioner Roger Goodell said.

NFL owners aren’t scheduled to meet again until October.

One issue is the price Brady agreed to pay to join George Halas and Jerry Richardson as only the third former NFL player to be an owner. Owners want to be sure Brady doesn’t get a discount especially with how the value of NFL franchises keeps rising

Then there’s Brady’s new job. The retired quarterback joins the media this upcoming season, starting his 10-year, $375 million broadcasting contract with Fox Sports, and his first game is scheduled to be Dallas’ season opener at Cleveland on Sept.
8.

TV broadcasters not only have pregame production meetings with team coaches, they can watch practices as part of their preparation. That’s a lot of access for someone with a potential financial stake in one of the NFL’s 32 teams.

“That was one of the factors about as a member of the media what would access be like every week as he prepares for the broadcast of the game,” Goodell said. “And we’ve addressed that also. So we’re making progress.”

Featured Image Photo Credit: Ethan Miller/Getty Images