Sources – Tom Brady is expected to be approved as Raiders minority owner

Tom Brady is expected to be approved as minority owner of the Las Vegas Raiders at Tuesday’s NFL owners meeting in Atlanta, league sources told ESPN.

The NFL’s finance committee has reviewed Brady’s offer and plans to present it to the other owners for a vote, with 24 of the league’s 32 owners needing to approve it.

But as one source told ESPN, the committee will not present Brady’s offer to the owners for a vote if it is not approved, which now appears to be a formality.

The Finance Committee unanimously approved Brady as minority owner, and no one can remember the last time the owners voted against a unanimous recommendation to the Finance Committee, sources told ESPN.

So Brady is days away from buying nearly 10% of the Raiders, along with businessman Tom Wagner, from owner Mark Davis. It’s a deal that was agreed upon in May 2023, but needed to be refined and amended after the league’s finance committee thought the initial offer was too discounted.

“We are excited to have Tom join the Raiders,” Davis told ESPN’s Paul Gutierrez at the time of the initial agreement. “It’s exciting because he will be the third player in NFL history to become an owner.”

George Halas and Jerry Richardson are the others.

Before what turned out to be Brady’s final NFL season in 2022, the seven-time Super Bowl-winning quarterback agreed to a 10-year, $375 million contract to join Fox as an analyst once his playing career is over. He retired in 2023 and agreed to start at Fox for the 2024 season.

Brady, 47, is expected to become one of the most prominent former athletes to own part of a team, joining all-time greats like Michael Jordan, who became part-owner of the Bobcats/Hornets franchise; Magic Johnson, who was part of an investment group that bought a stake in the Dodgers and the Commanders; Dwyane Wade, who bought an ownership stake in Jazz in 2021; Alex Rodriguez, who became part owner of the Timberwolves in 2021; Mario Lemieux, who has owned the Penguins since 1999; Patrick Mahomes, who became part owner of the Royals in 2020; Warrick Dunn, a limited partner with the Falcons; John Stallworth with the Steelers. And Lewis Hamilton with the Broncos.