NFL Network has reported that Tom Brady is close to becoming a limited owner of the Las Vegas Raiders. The final hurdles have been cleared for Brady’s investment, and it is expected to be reviewed by the league’s finance committee on March 4 or 5, with final approval happening at the NFL Annual League Meeting on March 24-27.
The delay in the process was due to Brady and his group needing to increase their financial commitment to reflect the proper valuation of the Raiders. Some owners felt that Brady’s proposed investment didn’t match the current value of the Raiders, so the number needed to be raised.
Despite this setback, Brady has continued to advise majority owner Mark Davis on team transactions and the filling out of staff under new head coach Antonio Pierce. Additionally, he has also teamed up with Tom Wagner, co-founder of Knighthead Capital, on deals for other sports investments.
If Brady gains approval for his ownership stake in the Raiders, it will mark the official end of his playing career in the NFL, as players are not allowed to have an equity stake in franchises.