Tom Brady is closer than ever to becoming a partial owner of the Las Vegas Raiders, and it sounds like his latest proposal could be approved in a matter of weeks.
According to an NFL Network report on Sunday, Brady’s investment group has raised their offer since their proposal was rejected by the owners a year ago. This time it sounds like the expectation is that the deal will go through…
“At long last, Tom Brady is on track to be a limited partner with the Las Vegas Raiders — and officially close the book on his storied NFL playing career as he transitions to new roles as minority owner and network on-air broadcaster.
Brady’s pending investment in the Raiders was recently altered to reflect the proper valuation of the team, and league sources say he has reached the threshold to clear the NFL’s hurdles and officially join the ranks of ownership.
It sounds as if the purchase price was increased to placate Davis’ fellow owners. Per Rapoport and Pelissero, Brady’s investment was “recently altered,” and it now reflects “the proper valuation of the team.” The duo add that all other hurdles have been cleared. The league’s finance committee will meet in early March to discuss the purchase, and final approval should come during the annual league meetings in Orlando from March 24-27.“
Also included in the NFL Network report was a detail about Brady’s involvement in the Raiders’ recent head-coaching search.
Despite the fact that Brady didn’t sit on the reported interview panel, Brady was apparently involved in the decisions from afar, which shouldn’t come as a surprise to anyone.
twitter: @raidersbeat
