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Tom Brady is headed again to the Nationwide Soccer League (NFL) — as a minority proprietor.
NFL group homeowners are reportedly set to approve a deal Tuesday that may enable Brady to be a component proprietor of the Las Vegas Raiders, per CNBC.
Brady spent 23 seasons within the NFL, together with twenty years with the New England Patriots. The Washington Post reported that he first tried to bid on the Raiders in October 2023, however the deal has been tied up within the NFL finance committee. Homeowners have been reportedly concerned that the previous QB was getting too large of a worth low cost.
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Nevertheless, CNBC’s sources mentioned homeowners are anticipated to approve the deal today on the league assembly in Atlanta, with Brady buying a ten% stake within the Raiders along with his enterprise associate, Tom Wagner, Knighthead Capital founder. The deal wants 24 of 32 group homeowners’ approval to undergo.
The Raiders are the NFL’s fifth-most precious franchise, price $7.8 billion. In 2023, the group earned $780 million in income, the third highest within the league, in keeping with CNBC.
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Brady joined Fox Sports activities in 2022 and signed a 10-year, $375 million deal. In August, the NFL announced a number of broadcasting restrictions that may take impact ought to the deal undergo, together with restricted entry to group services, conferences, gamers, and coaches. He’d even be banned from criticizing every other groups.
The Raiders are owned by Mark Davis, who additionally owns the WNBA’s Las Vegas Aces. Brady is presently a minority proprietor of the Aces.
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