Adam Schefter, ESPN Senior Writer
Tom Brady is anticipated to be approved as a minority owner of the Las Vegas Raiders at Tuesday's NFL fall homeowners assembly in Atlanta, league sources knowledgeable ESPN on Saturday.
The NFL's finance committee has assessed Brady's bid and intends to current it to the different homeowners to vote, with 24 of the league's 32 homeowners crucial to authorize it.
However, as one supply disclosed to ESPN, the committee wouldn't be presenting Brady's bid to the homeowners to vote if it weren't going to be sanctioned, which now appears to be merely a formality.
The finance committee unanimously approved Brady as minority owner, and nobody might recall the final time homeowners voted in opposition to the finance committee's unanimous suggestion, sources instructed ESPN.
Brady therefore is days away from buying roughly 10% of the Raiders, together with businessman Tom Wagner, from owner Mark Davis. It is a transaction that was consented to in May 2023 however wanted to be redefined and adjusted after the league's monetary committee believed the preliminary provide was too discounted.
“We're thrilled for Tom to join the Raiders,” Davis knowledgeable ESPN's Paul Gutierrez at the time of the preliminary settlement. “And it's exhilarating because he will be merely the third player in the history of the National Football League to become an owner.”
George Halas and Jerry Richardson are the different two.
Prior to what resulted in being Brady's final NFL season in 2022, the seven-time Super Bowl-winning quarterback assented to a 10-year, $375 million contract to be a part of Fox as an analyst as soon as his taking part in profession was concluded. He retired in 2023 and assented to start at Fox for the 2024 season.
Brady, 47, is anticipated to turn out to be one of the highest-profile former athletes to personal a piece of a group, becoming a member of all-time greats such as Michael Jordan, who grew to become half owner of the Bobcats/Hornets franchise; Magic Johnson, who was half of an funding group that purchased a stake in the Dodgers and the Commanders; Dwyane Wade, who acquired an possession stake in the Jazz in 2021; Alex Rodriguez, who grew to become half owner of the Timberwolves in 2021; Mario Lemieux, who has owned the Penguins since 1999; Patrick Mahomes, who acquired an possession stake of the Royals in 2020; Warrick Dunn, who is a restricted companion with the Falcons; John Stallworth with the Steelers; and Lewis Hamilton with the Broncos.
