Ex-Buccaneers’ quarterback Tom Brady is nearing becoming a minority owner of the Raiders.

After retiring from the Tampa Bay Buccaneers for a second time, Tom Brady began diversifying his investment portfolio, making several significant business moves. One of these ventures involved acquiring ownership stakes in sports franchises in Las Vegas, including the Aces, who clinched back-to-back championships in the WNBA over the last two seasons, and the Las Vegas Raiders.

However, Brady encountered a delay in his bid to purchase a stake in the Raiders, as other NFL owners raised objections, claiming that the valuation of the deal was inaccurate. The proposed deal would grant Brady’s ownership group approximately ten percent ownership of the Raiders, with Brady himself acquiring seven percent of that share. Due to concerns that the deal undervalued the franchise, Brady and the Raiders had to revise their agreement based on feedback from the NFL before seeking approval from other league owners.

According to a report by Sportico, in recent months, the valuation of Brady’s deal was adjusted to align with a separate transaction involving the Raiders in 2023. League officials, legal experts, and financial advisors are currently conducting due diligence on the agreement, with no definitive timeline for resolution, as ownership approval is still required.

In addition to his potential ownership in the Las Vegas franchises, Brady remains active in the sports world. He is slated to join the broadcast booth next season, providing commentary for NFL games, adding another dimension to his role as a prospective NFL team owner. However, the deal is still pending, and there are ongoing negotiations to address owners’ concerns about Brady paying a fair price for his ten percent stake in the Raiders. The sale price remains a key sticking point in finalizing the transaction.