An NFL owner said back in October that there are a lot of problems with Tom Brady's plan to become the minority owner of the Las Vegas Raiders.
A Tom Brady-Raiders ownership has been up in the air since early last year, a career move that the NFL legend said was influenced by former Oakland Raiders owner Al Davis.
"When I look at a lot of the people that have impacted the NFL over a long period of time in the most positive way, Al Davis is one of them," he told the Associated Press in June.
"And he's not with us anymore but I've heard incredible stories. And then the opportunity came about to become a minority owner in the Raiders, it was a dream come true for me."
Read more: NFL Rule Changes 2024 - What Have Been Approved and What to Expect From Them?
The seven-time Super Bowl winner has submitted the requirements for his dream, but has there been any progress?
The deal was not completed, as confirmed during the 2024 NFL Annual Meetings.
NFL Commissioner Roger Goodell refuses to call the development a "delay."
"I wouldn't say it's a delay," he said.
"It's a very thorough process regarding all ownership transfers. We're just going through that process. We've been in touch with their side and I feel it's making progress."
Both sides already have an agreement for the sale of minority ownership. To complete it, they will need a three-fourths majority vote from team owners.
If ever, Brady will become just the third player in the history of the NFL to become a team owner.
Areas of concern
The Tom Brady-Raiders ownership deal is facing a significant financial challenge.
In October, Indianapolis Colts owner Jim Irsay was concerned about the discount Al Davis' son and current Raiders controlling owner and managing general partner Mark Davis was planning to give to Brady.
"The number just has to be a reasonable number for purchase price from Tom, is the only thing," he said.
"If reasonable value says ... that 10% should be $525 million, you can't pay $175 million."
Davis and Brady are already co-owners of the Las Vegas Aces in the WNBA.
Another challenge is Brady's "side gig."
He is currently contracted as a game-day analyst for Fox Sports after signing a 10-year, $375 million broadcasting contract with the network.
According to NFL ownership rules, an owner's position of influence in a media outfit is prohibited because it could impact broadcast rights negotiations.
Brady, for his part, clarified that he will be more of a "passive owner" among the Raiders executives.
"You know, I've got a lot of responsibility with my Fox job, which I take very seriously. But if I'm looking over the course of my life, to have the opportunity to be involved in the NFL is a dream come true," he said.
"And if I could help the NFL and continue to contribute in a positive way, then you know, that's been a very enjoyable part of my life."
Related article: Packers Voted Against NFL's New XFL-Inspired Kickoff Rule-Here's Why
© Copyright 2024 Sports World News, All rights reserved. Do not reproduce without permission.