Tom brady had a car accident
According to reports, Tom brady was involved in a car accident
is getting closer and closer to becoming a limited owner of the Los Vegas Raiders, and NFL Network reports that he has gotten past the last obstacles that stand in his way.
When the league’s finance committee convenes in New York on March 4 or 5, Ian Rapoport and Tom Pelissero of NFL Networks reported that Brady’s investment is anticipated to be examined. Final approval would occur during the NFL Annual League Meeting, which is scheduled for March 24-27, assuming all goes according to plan.
The main reason for the delay was that Brady and his team, which includes Tom Wagner, co-founder of Knighthead Capital, needed to boost their investment to represent the Raiders’ true value.
Sportico said on Thursday that the amount needed to be increased because certain owners believed Brady’s suggested contribution didn’t align with the Raiders’ existing valuation.
It was revealed last May that the seven-time Super Bowl champion had first expressed interest in the Raiders. It is believed that Sportico is worth $5.8 billion, of which Brady’s firm will control 10% and Brady himself will own 7% of Las Vegas.
Brady has provided majority owner Mark Davis with advice in the meantime regarding things like the team’s search for a head coach and the hiring of Antonio Pierce to bolster the staff.
Brady and Wagner have partnered on transactions for Birmingham City, an English soccer team, an auto racing team, and a Major League Pickleball franchise, so this is by no means their first investing attempt.
Brady’s career will come to an end and he will start his player retirement from the league should his ownership finally be approved. Owners are not permitted to possess shares in teams.