Last year, legendary NFL quarterback Tom Brady agreed to become a part owner of the Las Vegas Raiders, but the deal was not immediately approved by the other NFL team owners. But it sounds like that approval is finally expected to come in the near future.
According to a report from league insiders Ian Rapoport and Tom Pelissero of NFL Media, Tom Brady has “reached the threshold to clear the NFL’s hurdles” and is expected to officially join the ranks of league ownership.
“Brady’s pending investment in the Raiders was recently altered to reflect the proper valuation of the team, and league sources say he has reached the threshold to clear the NFL’s hurdles and officially join the ranks of ownership,” NFL Media reported on Sunday morning ahead of Super Bowl LVIII.
The deal hit a snag as owners believed Brady was getting too large of a discount on the sale. But apparently, that issue has been remedied.
“The plan is for the NFL’s Finance Committee to consider Brady’s investment on March 4 or 5 when members meet in New York, sources say. If all goes well, final approval should happen at the NFL Annual League Meeting in Orlando from March 24-27,” NFL Media reported.
So it looks like Brady will be a league owner, after all.
