The NFL’s approval process for Tom Brady’s proposed deal to purchase a minority ownership stake in the Raiders has stalled, according to The Washington Post. One reason for the delay is over concerns by the league’s finance committee about the discounted price team owner Mark Davis is offering Brady.
It’s unlikely the deal will be ratified at the proposed price, one anonymous source told the Post. Additionally, it’s unclear if Davis and Brady will revise the terms of the sale.
The meeting where team owners will vote to ratify or reject the transaction is set for Oct. 17–18 in New York. In order for it to be ratified, 24 of the 32 owners need to vote yes.
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It’s unclear what the price is, but it’s believed Davis is selling Brady between 5–10% percent of the Raiders. Davis may be giving Brady a discount close to 70%, according to the report.
