Former NFL quarterback Tom Brady’s bid to become a minority owner of the Las Vegas Raiders will be discussed at the NFL Fall League Meeting on Tuesday, Oct. 15 in Atlanta, according to a league source. The league’s financial committee will review Brady’s bid, with a potential vote to follow.
If Brady’s bid proceeds to a vote, he will need the approval of 24 of the NFL’s 32 owners. Brady and businessman Tom Wagner are attempting to purchase approximately 10 percent of the Raiders from team owner Mark Davis.
Davis and Brady agreed to the transaction in May 2023, but it’s yet to be voted on by NFL owners. The Washington Post reported last week that Brady and Wagner have improved their financial offer after the NFL financial committee expressed concerns that Davis was giving them too large of a discount.
If Brady’s ownership isn’t voted on at the NFL Fall League Meeting, the next opportunity for owners to do so will be at the NFL Special League Meeting from Dec. 10-11 in Irving, Texas. In the meantime, the NFL has already placed restrictions on Brady in his current role as a Fox analyst. He’s not allowed to access other team facilities and practices, as well as broadcast production meetings, which usually include meetings with coaches and players ahead of games.
If Brady is approved to become a Raiders minority owner, he would also have to abide by additional NFL policies in place for owners, according to an ESPN report in August. Per the report, he wouldn’t be able to publicly criticize officials and other teams — he could be fined or suspended if the league deems he breaks that policy. He would also have to abide by the league’s gambling and anti-tampering policies, and he would be limited to “strictly social communication” with members of other teams, per the report.
Required reading
(Photo: Ethan Miller / Getty Images)
