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Tom Brady Finds Solace in a Snow-Filled Holiday Amid 3 Big Roadblocks Over Raiders Deal

Published 03/27/2024, 9:33 PM EDT

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via Reuters

Tom Brady has found the ultimate way to keep himself away from reality. After finding that his dream to own a minority stake at Las Vegas Raiders still remains far-fetched, it is, perhaps, time for some self-indulgence.

What better way to spend time with oneself than amidst the mountains? Brady’s latest Instagram story gives a glimpse of him holidaying on a snow-capped mountain as he waits for not one, not two but three roadblocks to clear and materialize his ownership deal.

$350M financial roadblock restricts Brady

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The NFL GOAT had been eagerly waiting for the NFL Annual League Meeting that was about to happen in Orlando between March 24 and March 27. Notably, it did take place on March 26, Tuesday, however, it did not bore any fruitful results. Instead, Roger Goodell, the NFL Commissioner released a statement about Brady’s ownership deal getting delayed by two months saying, “I wouldn’t say it’s a delay. We go through an extensive process. We’re just going through our process. We’ve been in touch with their side. I think it’s been making progress.” 

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As pointed out, Raiders owner, Mark Davis had reached an agreement with Brady, last May, for the TB12 to take a 10% stake in the team. However, with further investigation, it was found that Davis offered him a discounted rate. According to the Indianapolis Colts owner, Jim Isray, “The number just has to be a reasonable number for purchase price from Tom, is the only thing. If reasonable value says… that 10% should be $525 million, you can’t pay $175 million.” Hence, the difference between the actual rate and Brady’s discounted offer is $350 million. 

Brady’s struggle to convince the other owners

With the discrepancy in the purchasing bid, owners are not convinced about Brady moving into the Raiders’ stakeholders team. As per the ownership rules, to become a minority shareholder in any NFL team, the league needs to approve the deal. In the case of the former NFL quarterback, he will be requiring a three-fourth majority vote. 

This accounts for approval from 24 out of 32 owners of the different NFL teams. Bringing all these 24 purchasers in a single ground is a tough task to say and hence Brady’s ownership deal has hit the pause button.  

$375M Fox deal may cause conflict in interest

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Even though after retiring, Brady has cut on-field ties, the quarterback has been offered an important off-field role. The NFL GOAT is all set to reign the sports broadcasting front and will be entering our living rooms this September. Courtesy goes to his 10-year deal with FOX Sports that offered Brady a lucrative contract worth $375 million as the lead analyst. 

Analysts have raised their concern about how this new role could be a roadblock in his way to joining the Raiders ownership. One of them is Mark Maske who drew attention by saying, “Some owners might be reluctant to allow Brady, if he is a part owner of the Raiders, into their training facilities or onto their practice fields as part of his broadcast preparations.” 

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In case Tom Brady is able to overcome all these hurdles, he will become the third player in the history of the National Football League to become an owner. It is now to be seen how the TB12 applies his on-field tackling skills in off-field to convince the owners and make progress towards making his bid a grand success. The decision will be taken in the next meeting that is to be held in May. 

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Written by:

Soheli Tarafdar

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Soheli Tarafdar is an NFL writer at EssentiallySports. Soheli is fascinated by the fusion of teamwork, those split-second decisions, and the raw physical power of football athletes. She loves decoding the locker room rumors, the cryptic posts, and the behind-the-scenes drama brewing in the college football world.
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Edited by:

Jayant Chhabra