DONE DEAL: The deal between Atlanta braves and Las Vegas Raiders has been done
Las Vegas Raiders owner Mark Davis, left, Dallas Cowboys owner Jerry Jones, center, and former player Tom Brady, right, talk on the sideline before a preseason NFL football game between the two teams in Arlington, Texas, Saturday, Aug. 26, 2023. (AP Photo/Sam Hodde)
For several months now, it has been assumed that Tom Brady’s proposal to acquire a minority stake in the Las Vegas Raiders is finalized. However, the owner’s statement and recent events have left the former quarterback in a state of uncertainty. The NFL owners must still hold a vote before they can consider his bid to become a part owner of the franchise. All of the owners met again on Thursday, and it was anticipated that they would discuss Brady’s bid. However, it never happened because they felt there were other, more pressing issues that needed to be resolved before Tom Brady could become an NFL minority owner. Yahoo Sports contacted with Jim Irsay, the owner of the Indianapolis Colts, following the meeting, and he verified they haven’t
Irsay said that Tom Brady’s best chance of getting the NFL owners to approve him is if the amount he suggests to buy that minority ownership is fair. The Raiders owner, Mark Davis, reportedly offered Tom Brady a 70% reduction for his ownership stake, but this is not in line with the opinions of the other NFL team owners, according to the Washington Post. Maximizing the value of all equity from each and every team in the league is their primary objective. Tom Brady’s purchase of five to ten percent of the team for a seventy percent discount below its market value would create a risky precedent for other prospective buyers. They can try to haggle for a comparable price by using that as an example.
discussedThis can have only one meaning. Tom Brady can permanently bid farewell to the notion of having a stake in the Las Vegas Raiders unless he makes an offer that every owner of an NFL franchise accepts. The amount of room Tom Brady would have to negotiate is not as much as he initially believed, even though the owners are still accepting proposals. Though there hasn’t been any movement on his possible acquisition in the past two weeks, Brady and the Raiders still have a shot. Remember that Tom Brady and Davis were previously able to collaborate on a minority ownership in the WNBA’s Las Vegas Aces, who won their second consecutive title last Wednesday after defeating the
