Legendary former NFL quarterback Tom Brady is reportedly closing in on having his minority investment in the Las Vegas Raiders approved by the league.
According to NFL.com's Ian Rapoport and Tom Pelissero, Brady's proposed investment was recently changed to reflect the proper valuation of the franchise, and after the NFL's Finance Committee discusses Brady's investment on March 4 or 5, he should be officially be approved during the NFL Annual League Meeting in Orlando, Florida, from March 24 through 27.
Brady and Raiders owner Mark Davis first reached an agreement on Brady buying a minority stake in the franchise back in May 2023, but they have had to go through plenty of red tape to make it official.
Following his 23rd NFL season in 2022, Brady retired, and subsequently took a year off from the game. However, he figures to be busy in 2024 with the Raiders ownership stake getting approved and with the start of his job as the top color analyst on Fox NFL Sunday.
Per Eben Novy-Williams of Sportico, some NFL owners were initially concerned about the valuation at which Brady was allowed to buy into the Raiders. As a result, the valuation of his deal was raised to be in line with the Raiders' overall value, which is estimated to be $5.77 billion by Sportico.
Brady's group, which also includes Knighthead Capital co-founder Tom Wagner, is reportedly set to purchase 10 percent of the Raiders with Brady himself owning 7 percent of the franchise.
Although Brady still isn't officially part of the Raiders organization, Rapoport and Pelissero reported that he has been serving as an unofficial adviser to Davis, and played a role in the hiring of offensive coordinator Luke Getsy.
Aside from his foray into NFL ownership, Brady will begin to honor the largest contract in sports broadcasting history in 2024.
According to Andrew Marchand of the New York Post, Brady agreed to a 10-year, $375 million deal with Fox in 2022, and it is likely that he will take on the role of Fox's top NFL analyst, replacing former Chicago Bears and Carolina Panthers tight end Greg Olsen.
Sources told Rapoport and Pelissero that Brady is preparing "with obsessive detail and a fierce and competitive desire to be the best."
It is difficult to argue against the notion that the 46-year-old Brady is the greatest quarterback in NFL history, as he won an unprecedented seven Super Bowls and appeared in 10 of them during his 23-year career with the New England Patriots and Tampa Bay Buccaneers.
Brady was also a five-time Super Bowl MVP and three-time NFL MVP, plus he is the league's all-time leader in career passing yardage (89,214) and passing touchdowns (649).
The future Pro Football Hall of Famer brings legitimacy to any venture he is involved with, so it comes as little surprise that he was sought after by both the Raiders and Fox.
While the Raiders have made just two playoff appearances in the past 21 seasons and haven't won a playoff game since the 2002 campaign, Brady knows how to win, and his expertise could prove valuable within the organization.
