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Tom Brady's Raiders Ownership Bid Faces Delay Amid NFL Owners' Concerns

Tom Brady's attempt to purchase a minority stake in the Las Vegas Raiders is likely to be postponed due to unresolved issues and potential conflicts of interest, with no vote expected at the upcoming NFL meeting.

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Overview

  • Tom Brady's bid to become a minority owner of the Las Vegas Raiders is on hold, with no vote anticipated at next week's NFL annual league meeting.
  • Concerns over a below-market value deal and potential conflicts of interest with Brady's role as Fox's lead NFL analyst are delaying the approval process.
  • Brady, partnering with Tom Wagner of Knighthead Capital Management, aims for a 10% stake in the Raiders, valued at $6.2 billion by Forbes.
  • NFL owners must approve the deal by a majority vote, but some are hesitant to allow Brady access to team facilities for broadcast preparations.
  • The NFL owners' meeting in Orlando will not vote on Brady's bid, with the next opportunity for discussion scheduled for May in Nashville.