Report: Worth issues could also be holding up Tom Brady’s Raiders deal from getting league approval

Patriots

Colts proprietor Jim Irsay reportedly stated the league’s Finance Committee believes Brady is not paying sufficient for his shares.

Mark Davis and Tom Brady. Picture by Ethan Miller/Getty Pictures
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The deal that Tom Brady reached with the Raiders to amass a minority possession stake within the franchise has not been accredited by NFL homeowners but, in keeping with Ben Volin of The Boston Globe.

Volin stories that the league’s Finance Committee believes Raiders proprietor Mark Davis is providing Brady too massive of a reduction on the deal.

Colts proprietor Jim Irsay confirmed a Washington Submit report that Brady’s deal is value 10 % of the group. In line with Forbes, the Raiders are value round $6 billion.

“We’re making an attempt to work it by way of,” Irsay informed The Globe. “The quantity simply must be an affordable quantity for buy worth from Tom, is the one factor. If affordable worth says … that 10 % needs to be $525 million, you’ll be able to’t pay $175 million.”

Volin additionally stories that some homeowners might have a difficulty with Brady’s broadcasting cope with Fox Sports activities. Having a part-owner of a group broadcasting NFL video games might be “awkward,” Volin stated.

The homeowners will meet once more in Irving, Texas in December. Brady’s deal can’t be accredited till then, Volin writes.