Following his playing career, legendary NFL quarterback Tom Brady is trying to step into an ownership role with the Las Vegas Raiders, agreeing to purchase a minority ownership stake in the team earlier this year. But unfortunately for him, it seems the deal has hit a snag.
Even though Tom Brady agreed to become a minority owner of the Las Vegas Raiders months ago, his purchase has still not been approved by the league owners, and it doesn’t sound like that’s going to change anytime soon as the owners didn’t even discuss Brady’s ownership bid at their meetings this week.
As Mike Florio of Pro Football Talk points out, Brady faces a pretty uphill battle toward getting approval from the league.
“There seem to be many potential reasons for the failure to rubber stamp Brady’s acquisition of what is believed to be five of 10 percent of the Raiders. From the new rule against giving equity to employees (which Davis spoke out against at the meeting it was adopted) to Brady’s upcoming broadcasting career with Fox to ‘a discount of as much as approximately 70 percent’ in the price charged by Davis to Brady, there are various grounds for hesitation,” Florio wrote for Pro Football Talk.
We’ll have to see if anything changes that would result in Brady’s purchase gaining approval. But for now, it looks like there are quite a few things in the way.
[Pro Football Talk, Jori Epstein]
