As reported by NFL Network, Tom Brady is on the verge of becoming a limited owner of the Las Vegas Raiders. The final hurdles have been cleared for Brady’s investment, and it is expected that his ownership will be reviewed by the league’s finance committee by March 4 or 5. If approved, the official end of Brady’s playing career in the NFL will be marked.
There was a delay in the process due to concerns raised by some owners about Brady’s proposed investment not matching the current value of the Raiders. However, Brady and his group were able to increase their financial commitment to reflect the proper valuation of the team.
In addition to owning seven percent of the Raiders, Brady has also been advising majority owner Mark Davis on team transactions and filling out staff under new head coach Antonio Pierce. He has also partnered with Tom Wagner, co-founder of Knighthead Capital, on deals for other sports investments.