Tom Brady's Ownership With Raiders 'Has a Lot of Problems'
Legendary NFL quarterback Tom Brady has been quite busy since retiring from the Tampa Bay Buccaneers. His succeeder, Baker Mayfield, fully has the keys under Dave Canales' offense as the Buccaneers are coming off a tough loss to the Atlanta Falcons.
Since retiring, Brady has gotten into investing in his first season off. One of his investments came five months ago, as he invested in six percent of the Las Vegas Raiders, as he made the agreement with the team owner Mark Davis. Brady was seen with the team in a preseason matchup against the Dallas Cowboys.
To stay on the topic of Las Vegas, Brady is also a limited partner of the Las Vegas Aces, who just won their second straight WNBA Championship.
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However, as mentioned, Brady and Davis have agreed to his investment in the Raiders, though nothing has been formalized.
Sports Illustrated's Albert Breer explained why.
“It’s got a lot of problems,” an owner told Breer of the agreement.
According to Breer, Brady's investment would land at six percent, which the math checks out to be $372 million of Forbes' valuation of $6.1 billion is correct.
So, what's the hold up? Breer explains that owners have an issue with the price of the sale. If Brady receives a discount on the shares, it could impact the value of their organizations. It's all about money.
"Money is the driving force for most of the owners. More specifically, their only interest is in making sure every share of every team goes for as much as possible to boost their own teams’ valuations," Breer writes. "And not only would a discount for Brady be counterproductive, it also wouldn’t bring much value to anyone but the Raiders."
Also, Brady is still going to be involved in the league in other ways. He'll be in the broadcast booth next season with Fox. This would rub owners the wrong way, as broadcasters naturally see more than the average consumer so they can do their job on a stronger level. This could hurt the Raiders' opponents if Brady, a potential minority owner, feeds the team intel on things he's learned as a broadcaster.
It'll be interesting to see how much longer this drags out and what the resolution will be, but as it sounds right now, Brady isn't quite going to get the deal he wants and will have to find a workaround to the issues.
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