Tom Brady is on the verge of becoming a limited owner of the Las Vegas Raiders. The NFL Network reported that the final obstacles have been removed for Brady’s investment. His investment is expected to be reviewed by the league’s finance committee by March 4 or 5, with final approval coming at the NFL’s annual meeting on March 24-27.
The delay in the process was caused by Brady and his group needing to increase their financial commitment to reflect the correct valuation of the Raiders. Some owners felt that Brady’s proposed investment did not match the current value of the Raiders, so they requested that it be increased.
Brady will purchase 10 percent of the Raiders, with him owning 7 percent. Additionally, he has advised majority owner Mark Davies on team transactions and staffing under new coach Antonio Pearce.
Brady and Tom Wagner, co-founder of Knighthead Capital, have also worked together on deals for other sports investments. If Brady is cleared for ownership, it will mark the official end of his playing career in the NFL, as players are not permitted to have an ownership stake in franchises.