(Photo : Photo by Jon Kopaloff/Getty Images) LOS ANGELES, CALIFORNIA – Tom Brady attends Los Angeles Premiere Screening of Paramount Pictures’ “80 For Brady” at Regency Village Theatre on January 31, 2023 in Los Angeles, California.
Seven-time Super Bowl champion Tom Brady is in deep talks to turn into a restricted associate for NFL group Las Vegas Raiders.
NFL legend Tom Brady is in deep discussions to turn into a restricted associate of the Las Vegas Raiders, sources inform ESPN’s @SethWickersham and me, probably his second foray right into a partnership with Raiders’ proprietor Mark Davis on an expert sports activities franchise in lower than two months. pic.twitter.com/pVnxqwTrGT
— Adam Schefter (@AdamSchefter) May 12, 2023
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Tom Brady in Talks About Raiders possession
Brady, extensively regarded as the best quarterback of all time, is about to foray into NFL group possession as soon as the deal goes by way of.
This will mark the second time the five-time Super Bowl MVP will make investments in a group primarily owned by Raiders controlling proprietor Mark Davis, following Brady’s buy of a minority stake in WNBA franchise Las Vegas Aces final March.
Tom Brady is in deep talks to turn into an element proprietor of the Las Vegas Raiders, per @ESPN.
He joined Mark Davis as a part of the Las Vegas Aces’ possession group in March. pic.twitter.com/qsitmUGv0H
— Front Office Sports (@FOS) May 12, 2023
Brady’s funding with the Raiders is anticipated to be “passive,” which means he wouldn’t have any operational management or authority over the franchise in enterprise or soccer issues.
At least 24 present NFL group homeowners must approve Brady’s restricted partnership as soon as Davis and Brady conform to phrases for the deal to be official. This is normal process for all minority and majority homeowners trying to put money into the 32 groups of the league.
This shouldn’t be the primary try of the 45-year-old to personal a minority stake in an NFL group. In 2021 and 2022, Brady additionally had discussions with the Miami Dolphins about changing into a restricted associate.
According to ESPN, Brady’s impending 10-year, $375 million broadcasting contract with FOX Sports is unaffected by the funding.
The NFL legend performed within the league for 23 seasons, spending his first 20 years with the New England Patriots and his final three years with the Tampa Bay Buccaneers.
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