NFL owners to vote on Tom Brady's Raiders ownership on Tuesday: report

Tom Brady's long road to a minority stake in the Las Vegas Raiders is finally over.

According to ESPN's Adam Schefter, the NFL's finance committee has reviewed Brady's offer and plans to present it to the other owners for a vote at the fall owners' meeting on Tuesday in Atlanta. Brady needs the votes of at least 24 of the league's 32 owners.

ESPN portrays the vote as a formality because the committee wouldn't put Brady's ownership up for a vote if it wasn't certain it would be approved. If approved, Brady will be the new owner of about 10% of the Raiders and will be part of a group that includes financier Tom Wagner.

Brady originally closed the deal in May 2023 with Raiders majority owner Mark Davis, but ran into obstacles because he feared he would receive a significant discount for a stake in a team that Forbes valued at $6.7 billion valued, with some estimates suggesting the former quarterback received a discount of up to 70%.

He eventually cleared that hurdle by raising the price, and now he's ready to buy his way into the world's most lucrative sports league. The Raiders stake is just part of Brady's growing portfolio, which also includes stakes in the WNBA's Las Vegas Aces, English League One soccer club Birmingham City, the Hertz Team JOTA racing team and a Major League pickleball franchise.

Brady earned more than $300 million in contract money during his playing career, received numerous millions more in endorsement money, and just began his $375 million contract to call NFL games for Fox Sports. This job at Fox could cause tension after being bought into a franchise, as other teams are understandably uninterested in sharing insights into their operations with another team's minority owner.

Such a situation is not unprecedented, as MLB teams have done something similar with broadcasters who also work as consultants for other teams.