- In May, reports surfaced about 46-year-old Brady’s attempt to own the Raiders
- He has recently emerged as a potential short-term replacement for Aaron Rodgers
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Tom Brady’s bid to become minority owner of the Las Vegas Raiders could be decided next month amid fears that red tape threatens to delay or possibly even derail the NFL legend’s plans.
In May, there were reports that the 46-year-old Brady was purchasing a minority stake in the Raiders, who have been based in Las Vegas for three years, but the purchase has yet to be completed, according to the league itself.
A vote on the matter could come as early as next month’s fall league meeting, a source told league officials, but there is still much to discuss regarding financing and much information still needed about the transaction itself .
There’s no guarantee the process will be complete by October, meaning December’s Winter League meeting might be a better date for Brady to finally and safely transition from one of the best players in NFL history to a minority team owner to become in the NFL league.
Additionally, under recently updated league laws, ownership of an NFL team would effectively bar the seven-time Super Bowl champion from ever playing again — for the Raiders or anyone else.
Tom Brady’s offer to buy a minority stake in the Las Vegas Raiders could be decided next month
The Raiders are currently owned by Mark Davis, who had planned to sign Brady as part of a deal with the NFL icon to buy his way into the team
In May, it was reported that Brady’s attempt to become part of the Raiders’ ownership team was stalled following the revelation of the NFL’s new no-equity rule, which prevents team employees who are not family members from receiving shares in a franchise .
Raiders owner Mark Davis had planned to employ Brady as part of a deal for the NFL icon to buy into the team in defiance of the then-proposed no-equity rule during a special session to approve the Commanders’ sale to Josh Harris over the summer.
Brady, who did not receive a call from the New York Jets after Aaron Rodgers’ season-ending injury, once called the chance to invest in the Raiders a “dream come true” and that he played a “passive role,” according to league officials within the organization.
“When I look at my life, the opportunity to play in the NFL is a dream come true,” Brady told The Associated Press in June.
“And if I could help the NFL and continue to make a positive contribution, then that was a very enjoyable part of my life.”
Brady, far right, chatted with Cowboys owner Jerry Jones, center, and Davis, far left
Brady is said to have no interest in playing again after his second retirement in February. It is widely believed that he would have turned down the chance to replace Rodgers if the Jets had considered him as a short-term replacement.
“All our lives take us on different journeys.” They take us to different places. “They bring other people into our lives,” Brady said at halftime of the Patriots’ Week 1 loss to the Eagles, where New England honored its former quarterback on Sept. 10.
“But one thing I am sure of, and that will never change: I am a patriot for life.”
Brady is already an investor in the Las Vegas Aces, the WNBA and English soccer club Birmingham City FC.
He also owns a wellness brand (TB12) and a film and television production house (Religion of Sports), among other companies in his portfolio.