Tom Brady’s anticipated ownership in the Las Vegas Raiders is still pending, nearly a year after initial reports surfaced about his interest in buying a minority share of the team. Gaining ownership in the NFL requires approval from three-quarters of team owners, which can take some time due to thorough evaluations.
During the NFL Annual League Meetings, Commissioner Roger Goodell addressed the perception of delay regarding Brady’s approval, stating that it’s not so much a delay as it is a standard procedure of thorough evaluation. Goodell mentioned ongoing communication with both Brady’s side and the Raiders, indicating progress.
Roger Goodell: Tom Brady’s Raiders ownership stake ‘making progress’ https://t.co/gNPiwonWkb pic.twitter.com/lv06XJHn9y
— Awful Announcing (@awfulannouncing) March 27, 2024
While Brady’s new role as Fox Sports’ lead NFL color analyst doesn’t affect his ownership approval, other concerns have arisen. Some NFL owners reportedly had reservations about the terms of Brady’s ownership deal and his prominent association with BetMGM, including appearing in a Super Bowl commercial. However, these concerns have been addressed.
Brady and his partners are expected to acquire around a 10% share in the Raiders, a team valued at $6.2 billion according to Forbes’ most recent NFL team valuations from August 2023. Despite some bumps along the way, the process seems to be moving forward, albeit with the necessary due diligence.
