Report offers big update on Tom Brady’s bid to become Raiders owner

Aug 26, 2023; Arlington, Texas, USA; Former NFL player Tom Brady on the field before the game between the Dallas Cowboys and the Las Vegas Raiders at AT&T Stadium. Mandatory Credit: Tim Heitman-USA TODAY Sports

Tom Brady is reportedly on the verge of becoming an NFL team owner.

Brady entered into an agreement to become a part-owner of the Las Vegas Raiders over a year ago. The legendary quarterback’s bid still needs approval from 24 of the NFL’s 32 team owners, and ESPN’s Adam Schefter reports that Brady is expected to receive the necessary votes this week.

The NFL’s finance committee has reviewed Brady’s bid and unanimously approved it. The committee will now present the bid to team owners at the fall league meeting in Atlanta on Tuesday. Sources who spoke with Schefter said they could not recall an instance where the finance committee unanimously approved something and team owners went against it, which is why the Brady deal is expected to go through.

Brady and businessman Tom Wagner are looking to purchase a roughly 10% stake in the Raiders from majority owner Mark Davis. The bid was made in May 2023, but there have been some concerns among owners about the price being too cheap. That has likely been addressed if the deal is on the verge of being approved.

The 47-year-old Brady is in his first season working as an NFL game analyst for FOX. His bid to become an owner of the Raiders has resulted in him facing significant restrictions with his FOX job, but the network apparently has no problem with the arrangement.