Tom Bradys Raiders ownership NFL making progress on star QBs bid to buy stake in team

Tom Bradys Raiders ownership NFL making progress on star QBs bid to buy stake in team

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Tom Brady is looking to do something few NFL players have done before: become a part-owner of an NFL team.Brady agreed to terms with Raiders owner Mark Davis to buy a minority share in the team in May 2023."We're excited for Tom to join the Raiders," at the time. "And it's exciting because he will be just the third player in the history of the National Football League to become an owner."Indeed, Brady would be just the third player to become an NFL owner. The other two are Bears legend George Halas and former Panthers owner Jerry Richardson.MORE: Nearly a year into the proce s, Brady's purchase has yet to be approved. That said, neither side should be worried about about that, at least not according to NFL commi sioner Roger Goodell.Goodell was asked about Brady's bid for an ownership stake in the Raiders on Tuesday at the NFL's annual meeting. He stopped short of saying that Brady was approved as an owner, but the commi sioner stated that the bid was "making progre s.""I wouldn't say it's a delay," Akiem Hicks Jersey Goodell said of Brady's ownership bid, per . "We go through a very thorough proce s ... We're just going through our proce s. We've been in touch with their side. I think it's been making progre s."NFL owners would need to vote on welcoming Brady into their ranks, even as a minority shareholder in a team. He would need a supermajority of 24 votes to be approved.The NFL is not planning to vote on Brady's candidacy at the March annual meetings. They are next scheduled to convene in May, so that could be a target date for approving Brady as a part of Las Vegas' ownership group.MORE: To be clear, Tom Brady did not buy the Raiders in full. He is merely buying a stake in the team, though it isn't clear what percentage of the team he will own. estimates that the Raiders are the sixth-most valuable team in the NFL as of 2023. They are worth $6.2 billion.RankTeamValuation1Dallas Cowboys$9 billion2New England Patriots$7 billion3Los Angeles Rams$6.9 James Daniels Jersey billion4New York Giants$6.8 billion5Chicago Bears$6.3 billion6Las Vegas Raiders$6.2 billion7New York Jets$6.1 billion8Washington Commanders$6.05 billion9San Francisco 49ers$6 billion10Philadelphia Eagles$5.8 billionComparatively, Brady has an estimated net worth of $300 million, per . Thus, it's fair to expect that the former Patriots and Buccaneers quarterback is planning to buy just a small percentage of the valuable franchise.Perhaps Brady will be able to spend Trey Burton Jersey more on the team down the line depending on how his 10-year, $375 million contract to broadcast NFL games on Fox pans out.MORE: No, Brady did not sign with the Raiders. In fact, his buying an ownership stake in the Raiders should guarantee that he won't play again in the NFL after retiring from the league for a second time on Feb. 1, 2023.Brady has repeatedly made it clear that he isn't going to return to the NFL for a 24th season. He changed his mind about retiring in 2022, but he didn't play last season and appears ready to move onto the next stage in his career.At this point, it appears that will involve calling games on Fox and working to help the Raiders reshape themselves into a Super Bowl contender as a part of their ownership group.
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