Former NFL quarterback Tom Brady is reportedly seeking to pay a mere $175 million for a 10% stake in the Raiders, a price which represents a significant discount based on the value of the team, according to a report from Ben Volin of The Boston Globe.
Brady’s interest in a stake of the Raiders franchise has been well-documented, but the deal has yet to be approved by NFL owners. Colts owner Jim Irsay took issue to the price of Brady’s stake, as he believes it is too steep of a discount for a 10% ownership piece of the franchise.
“We’re trying to work through,” Irsay said of the ongoing review of the deal. “The number just has to be a reasonable number for purchase price for Tom, is the only thing. If reasonable value says that 10% should be $525 million, you can’t pay $175 million.”
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Raiders majority owner Mark Davis, who is already in business with Brady on an ownership stake in the WNBA champion Aces, declined comment to Volin.
Volin also noted that Brady’s broadcast deal with Fox that will begin in 2024 is also complicating Davis’s sale of a stake in the Raiders to Brady, after it was previously reported that it was a non-issue.
There will not be any further resolution or approval of the sale to Brady until Dec. 12 and 13, when league owners are slated to meet again in Irving, Texas.
