ATSWINS

Report: Tom Brady's Raiders Ownership Stake to Be Discussed at NFL's Fall Meeting

Updated Oct. 9, 2024, 8:42 p.m. by Andrew Peters 1 min read
NFL News

NFL legend Tom Brady is hoping to get his ownership in the Las Vegas Raiders approved, and he could find out this week if his dream of becoming a minority owner can come true.

Per The Athletic's Tashan Reed , Brady's ownership bid will be discussed at the NFL Fall League Meeting on Tuesday in Atlanta.

There, the league financial committee will review his bid and potentially vote on it afterward.

According to Reed, Brady would need the approval of 24 of the league's 32 owners.

Brady and businessman Tom Wagner agreed on a transaction to purchase approximately 10 percent of the Raiders from owner Mark Davis in May of 2023, but that transaction is still pending a vote from NFL owners.

That offer has since improved financially because the league's financial committee "expressed concerns that Davis was giving them too large of a discount," per Reed.

Should owners not vote on Brady's stake at next week's meetings, the next chance to do so would be in December at the NFL Special League meeting.

Brady's ownership bid has led to his new role as a color commentator for Fox looking different than other broadcasters.

As he awaits a decision, the NFL has already restricted his access to other team facilities or broadcast production meetings that typically include meetings with coaches and players before games.

According to ESPN's Seth Wickersham , Brady would also be prohibited from publicly criticizing game officials and other teams if he became an owner.

Essentially, he couldn't disagree with a call while on the air or he would be subject to fines or suspensions.

A role as an owner would also mean Brady is subject to the league's gambling policies and anti-tampering policies.

He would be allowed only "strictly social communication with members of other clubs," per Wickersham..

This article has been shared from the original article on bleacherreport, here is the link to the original article.