Tom Brady’s dream of becoming a limited owner of the Las Vegas Raiders is one step closer to becoming a reality. The NFL Network reported that he has overcome the final hurdles that were standing in his way, and it is expected that his investment will be reviewed in early March when the league’s finance committee meets, with final approval anticipated at the NFL Annual League Meeting later that month.
The delay in Brady’s ownership bid revolved around the valuation of the Raiders. Brady and his group, including Tom Wagner of Knighthead Capital, needed to increase their financial commitment to align with the team’s proper valuation. This required adjusting the proposed investment amount due to concerns from some team owners.
Despite ongoing ownership negotiations, Brady has been advising Mark Davis on various matters, such as the head coaching search and staffing under new head coach Antonio Pierce. If approved, this potential ownership opportunity adds to Brady and Wagner’s existing portfolio of investments, which includes English soccer club Birmingham City, an auto-racing team, and a Major League Pickleball franchise.