Tom Brady ‘making progress’ in buying ownership stake in Raiders
Since moving into retirement, former star quarterback Tom Brady has progressed into the potential NFL ownership stakes. Last May, the seven-time Super Bowl champion reached an agreement to garner a piece of ownership of the Las Vegas Raiders. However, there hasn’t been any movement toward finalizing it.
Commissioner Roger Goodell voiced that there isn’t any concern from the league in approving the move.
Want $250 to bet on the NFL?
“I wouldn’t say it’s a delay,” Goodell said Tuesday from the NFL’s annual league meeting at the Ritz-Carlton Grande Lakes via ESPN. “We go through a very thorough process. … We’re just going through our process. We’ve been in touch with their side. I think it’s been making progress.”
The move needs at least 24 NFL team owners to approve it. There hasn’t been voting on that front, but that could take place when the league meets again in May.
The NFL doesn’t appear to be in any rush to approve the move. Brady is heading into the second offseason in retirement since stepping away after 23 seasons.
Read: Robert Kraft: You Can’t Win Without A First-Rate Quarterback
His group, which includes Knighthead Capital co-founder Tom Wagner, has agreed to purchase around 10 percent of the Raiders. That includes Brady holding approximately seven percent of that ownership.
There had been some lingering chatter that it was a move in an attempt to convince Brady to play again.
Las Vegas is valued as the sixth-most valuable NFL team at $6.2 billion. It appears that it’s only a matter of time before Brady gets his piece of the Raiders’ ownership.
