Sources: Brady in talks to buy Raiders stake

NFL Legend Is In Intense Discussions To Become Limited Partner Of Tom Brady Ltd. las vegas raiderssources told ESPN — potentially his second foray into partnership with Raiders owner Mark Davis on a professional sports franchise in less than two months.

Discussions between the two sides have been going on for weeks and may reach a solution soon, yet sources say it is still a highly sensitive and fluid conversation. Brady’s investment is expected to be “passive”, says a source with direct knowledge of the situation, and he will have no operational control or authority over the club in business or football matters.

The NFL declined comment. A spokesman for the Raiders did not respond to calls or texts. Brady’s agent Don Yee declined to comment.

In late March, Brady announced that he had purchased a stake in the WNBA. las vegas acesA team also primarily owned by Davis.

Even if Brady and Davis are able to agree to terms, at least 24 current team owners must vet and approve Brady’s limited partnership, as is the case with all minority and majority owners.

In a city he frequently visits, Brady’s star power and business acumen will be expected to help the club realize its financial potential in the market since he moved from Oakland in 2020 – an ironic feat for the man The latest chapter that helped give the Raiders one of the most painful losses in franchise history during a tuck rule game.

It is believed that Brady’s 10-year, $375 million contract with Fox, which is set to begin in 2024, will be unaffected by the investment in the Raiders. A source told ESPN that Fox has “blessed” the arrangement. The sources said league policy about overlapping team ownership with media employment comes into play only if the owner holds a position of authority in the media company and can influence broadcast rights negotiations. Fox and the NFL agreed to an 11-year rights deal through 2021.

This isn’t the first time the seven-time Super Bowl champion has shown interest in acquiring a minority stake in an NFL franchise. In 2021 and 2022, Brady reportedly miami dolphins About becoming a limited partner. A six-month NFL investigation found that Dolphins team owner Stephen Ross and Vice Chairman/Limited Partner Bruce Beal – a friend of Brady’s – violated the anti-collusion policy in conversations with Brady and the team was stripped of its first round . Select last month’s draft, among other disciplinary measures.

Brady retired at age 45 after the 2022 season, his 23rd in the NFL, saying that this time he had to play “for good”. Although Brady came out of retirement 41 days after the 2021 season to play his final year tampa bay buccaneers, He is not expected to try to play for the Raiders. Even if he wants to, the owners will have to approve his dual role.

In recent years, the Raiders have tried to replicate some of the success Brady helped inspire in New England, hiring former Patriots offensive coordinator Josh McDaniels as their head coach, former Patriots executive Dave Ziegler as their general manager and former patriots players like Jimmy Garoppolo, Brian Hoyer, Chandler Jones, brandon bolden, jacobi meyers And Philip Dorset,

But none will attract the attention that Brady might have, as he will become the highest-profile former NFL player ever to become a limited owner of an NFL franchise.