Although the Las Vegas Raiders have struggled to find postseason success in recent years, they still remain one of the most popular franchises in the NFL.
After moving to Las Vegas, the team was destined to receive more national attention, and the lights only got brighter when Tom Brady attached himself to the organization. Earlier in the offseason, Brady announced his plans to purchase a minority stake in the Raiders.
A Bay Area native, Brady grew up near the Silver and Black, and it was the perfect team for him to help after finally retiring from the league. With Brady on board, Las Vegas could take the next step in trying to compete for a Super Bowl championship.
However, it appears that the future Hall of Fame quarterback will have to wait to officially call himself a team owner as his purchase of a minority stake hasn’t been finalized yet via Ian Rapoport and Tom Pelissero of NFL Network:
“Brady’s purchase of a minority stake in the Raiders has not been finalized, sources say. A vote could come as soon as next month’s Fall League Meeting, sources say, but there is still plenty to sort out with financing and plenty of information regarding a potential purchase still to be shared.
There’s no guarantee the process is done by October, which means the Winter League Meeting in December could be the time for Brady to finally and firmly close the door on playing in the NFL.”
From the sound of it, Brady’s dream to be an NFL owner will have to wait at least a month. This isn’t the first roadblock toward him being part of the Raiders, though, as the league recently instituted a no-equity rule that prevents team employees who aren’t family members from receiving equity in the franchise.
The original plan was for Mark Davis to employ Brady, but the new rule makes it impossible. Although this could complicate matters, it looks like things are still on track for Brady to own a share of the team.
For now, he and the Raiders will just have to see if things can get sorted out and approved before the end of the year,
Jimmy Garoppolo says Tom Brady still has competitive spirit in him
Brady has already spent time with the current Las Vegas roster, as he visited during their preseason finale against the Dallas Cowboys. Jimmy Garoppolo noted that despite being retired, Brady still has his competitive spirit inside him.
