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The NFL seems to have concerns over Tom Brady’s attempt to buy a 10% stake in the Raiders for a $175 million.
At their recent meetings in Manhattan, NFL owners were concerned that Raiders owner Mark Davis was cutting Brady a deal that was far too generous.
According to Colts owner Jim Irsay, who sits on the league’s Finance Committee, the proposed amount just doesn’t add up, via Boston Globe’s Ben Volin:
“We’re trying to work it through, the number just has to be a reasonable number for the purchase price from Tom, is the only thing,” said Irsay. “If reasonable value says … that 10 percent should be $525 million, you can’t pay $175 million.”
The 10 percent Brady is eyeing is a part of a team that Forbes recently valued at a whopping $6 billion. Usually, minority shares come at a discount, but Davis’s offer seems to be pushing the envelope a bit too far for the league’s comfort.
Adding an extra layer of complexity, reportedly Brady’s potential role as the lead NFL analyst for Fox Sports in 2024 isn’t sitting well with everyone either. Some in the league find it uneasy that a minority team owner could also be broadcasting games. Moreover, Brady might also be roped into the Raiders’ front office, which could make his dual roles even more problematic.
The decision is at the hands of the NFL owners, who will have their next shot at approving Brady’s deal during their winter meetings on December 12-13 in Irving, Texas.