Sometimes “no news is good news.” But when you’re trying to become an NFL owner like Tom Brady is, no news can cause a little bit hand-wringing.
According to ProFootballTalk, Brady’s efforts to acquire a stake in the Las Vegas Raiders from his good friend Mark Davis have “languished.” Per the report, the league has still not agreed to approve the purchase and the topic was not even brought up in the league’s most recent meeting.
Indianapolis Colts owner Jim Irsay, a member of the league’s finance committee, told reporters this week that NFL team equity can only be sold for “a reasonable number for purchase price.”
“The number just had to be a reasonable number for purchase price,” Irsay said, via Yahoo Sports’ Jori Epstein.
Re: Tom Brady acquiring minority stake in Raiders, sounds like no movement at league meeting.
Jim Irsay: “No, we never talked about that.”
Irsay, who’s on finance committee that needs to approve Brady, said “the number just had to be a reasonable number for purchase price.”
— Jori Epstein (@JoriEpstein) October 18, 2023
There have been rumors that Mark Davis agreed to sell Tom Brady a five- to 10-percent stake in his team for a significant discount from the valuation of the team.
With the NFL trying to keep franchise values as high as possible, giving discounts on equity sales is something they would understandably want to avoid.
Will Tom Brady succeed in buying a piece of the Raiders, or will the league’s owners stop him from finalizing the deal?