Tom Brady’s bid to buy Raiders stake could be headed for final approval

Tom Brady’s bid to purchase a minority share of the Raiders finally could be coming to fruition.

The potential sale has been added to the agenda when NFL owners meet in Atlanta next week. The sale has been held up in the NFL’s finance committee for months.

It now appears to be headed to a full ownership vote Tuesday in Atlanta, according to a person with knowledge of the situation. Brady’s purchase must be approved by at least 24 of the 32 owners.

Brady, a seven-time Super Bowl-winning quarterback, and businessman Tom Wagner are seeking to buy a 10 percent share of the Raiders from owner Mark Davis.

Davis and Brady agreed to terms of the transaction more than a year ago, but the deal has been delayed over concerns about the sales price. But the amount has increased and is more reflective of the Raiders’ $6.7 billion valuation, according to a person with knowledge of the situation.

Some owners also had misgivings about Brady’s role as a game analyst for Fox Sports while also owning a share of the Raiders.

The league addressed those concerns by restricting Brady’s access during his purchase bid. If he is approved as a minority owner, he will not be allowed to be in another team’s facility nor be permitted to take part in virtual or in-person broadcast production meetings involving teams.

If the sale is approved, it will be the second business venture involving Brady and Davis. Brady purchased a share of Davis’ Las Vegas Aces team in 2023.

Contact Vincent Bonsignore at vbonsignore@reviewjournal.com. Follow @VinnyBonsignore on X.