Quarterback legend Tom Brady is about to return to the NFL – as a club owner. The 46-year-old is expected to be approved as a minority owner of the Las Vegas Raiders at the NFL owners’ fall meeting on Tuesday in Atlanta, ESPN reports citing league sources.
The Finance Committee of the North American Professional Football League (NFL) has reviewed Brady’s offer and plans to submit it to the other owners for a vote, with 24 of the league’s 32 owners having to approve. According to ESPN, this appears to be a formality. The committee wouldn’t put Brady’s offer before the owners for a vote if it wasn’t approved.
Buying a club could lead to a conflict of interest for Brady
Together with businessman Tom Wagner, Brady plans to use the deal to buy around ten percent of the Raiders from owner Mark Davis. An agreement on the transaction has existed since May 2023, and Brady has now improved an original offer.
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Recently there was a stir because of the impending transaction. Because as a millionaire TV expert for the Fox Sports channel (375 million euros for a ten-year contract), there are likely to be conflicts of interest. If the deal with the Raiders is finalized, Brady will not be allowed to publicly criticize referees, for example. ESPN recently reported on a document from the league to the clubs entitled “Brady – Broadcast Restrictions”.
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Brady is considered the “GOAT” (Greatest of all time) of the NFL. He played in the league for 23 seasons starting in 2000 and won the Super Bowl seven times. Brady won six of his rings with the New England Patriots and the seventh with the Tampa Bay Buccaneers before ending his career after the 2022 season. (sid/mp)
