Reports: Tom Brady Got A Discount In Raiders Stake, Here Is The Revealed Price

Tom Brady has a well-established interest in owning a portion of the Raiders team, but the NFL owners have not yet authorised the arrangement. Jim Irsay, the owner of the Colts, objected to Brady’s share price, saying it was too big of a discount for a 10% ownership position in the team.

Reports: Tom Brady Got A Discount On Raiders Stake, Here Is The Revealed Price

According to a story from Ben Volin of The Boston Globe, former NFL quarterback Tom Brady is apparently looking to pay as little as $175 million for a 10% ownership in the Raiders. This amount is supposedly a huge bargain given the team’s valuation.

The Washington Post said earlier this month that there were “concerns” about Brady receiving what was thought to be a steep discount on a 5–10% stake in the team from Mark Davis, the owner of the team, and that there were signs the league’s finance committee would not approve the sale during this week’s owners’ meetings in New York.

Brady’s status, however, was not listed on the docket.

“We’re trying to work through,” Irsay said of the ongoing review of the deal. “The number just has to be a reasonable number for purchase price for Tom, is the only thing. If reasonable value says that 10% should be $525 million, you can’t pay $175 million.”

Mark Davis, the principal owner of the Raiders and Brady’s business partner about his ownership of the WNBA champion Aces, chose not to react to Volin.

Volin said that, despite earlier reports suggesting it was a non-issue, Davis’s selling of a Raiders share to Brady is being complicated by Brady’s broadcast agreement with Fox, which is set to start in 2024.

Mike Florio, the creator of ProFootballTalk, outlined the reasons NFL owners would take their time on this agreement.

“Owners have a very strong interest in maximizing the value of all equity in every franchise. If Brady buys 5-10 percent of the Raiders for relative peanuts, that becomes a potential impediment when some other owner tries to sell a piece of his or her franchise,” Florio wrote.

The sale to Brady won’t be discussed or approved again until the league owners gather again in Irving, Texas on December 12 and 13.

 

 

FOR MORE SPORTS COVERAGE- 

Reports: Bad Conduct By Ja Morant Started Long Before The Gun Incident