The NFL’s team owners are scheduled to convene in Atlanta this Tuesday. Mark Maske of The Washington Post reports that one of the key topics for discussion will likely be a vote to approve former quarterback Tom Brady‘s proposed ownership deal with the Raiders.
The future Hall of Famer has been exploring various post-NFL career options over the last two years. He currently serves as an analyst for FOX Sports, has been pursuing ownership in the Raiders, and has at times hinted at a potential return to the game. However, his quest for an ownership stake in the Raiders has faced obstacles due to concerns about conflicts of interest with his broadcasting role.
Teams are wary of individuals with ownership stakes in rival organizations having access to sensitive information that broadcasters often have. While no specific plans have been announced regarding Brady’s broadcasting access, it has been suggested that he would be a relatively passive owner in the team.
Recent developments have included clearance for Brady’s ownership interest, former defensive tackle Richard Seymour joining Brady’s bid, proposed restrictions on Brady’s broadcasting duties, and an increase in Brady’s offer for the ownership stake, resulting in a separation from Seymour’s bid.
Sources from The Washington Post indicate that a vote may finally take place this Tuesday. Brady and Tom Wagner, a co-founder of Knighthead Capital Management, are reportedly looking to acquire a 10% stake in the franchise from principal owner Mark Davis at a discounted rate. The league has informed owners that if the vote is successful, Brady’s access to teams in his broadcasting capacity will be limited, including restrictions on attending team activities and production meetings.
The vote requires approval from at least 24 of the league’s 32 owners. While some sources like ESPN’s Adam Schefter expect the vote to pass easily, others like Mike Florio of NBC Sports are more cautious. Concerns have been raised by multiple teams regarding Brady’s broadcasting access, and if just nine owners maintain reservations, the deal may be rejected.
Florio also reports that Seymour’s separate bid has a better chance of approval, as it is not entangled with the conflicts surrounding Brady’s deal. The resolution of both situations could be imminent this week.