Tom Brady, the famous quarterback, wants to take on a new role in the NFL as an owner, but the league won’t let him.
Tom Brady agreed to become a partial owner of the Las Vegas Raiders back in the summer. He now just needs approval from the NFL owners to complete the deal. Still, he hasn’t been given permission, and during this week’s NFL owners’ meeting, Brady was not given permission either.
“No, we never talked about that,” Jim Irsay, owner of the Indianapolis Colts, told Jori Epstein about Brady’s position.
Irsay is on the finance committee and needs to accept the sale in order for Brady to become an official owner. He seemed worried about the price offered to Brady for the sale and said, “the number just had to be a reasonable number for purchase price.”
As Mike Florio of Pro Football Talk points out, the sale has not been allowed yet for a number of reasons, and none of them are good for Brady.
“There are a lot of possible reasons why Brady’s purchase of what is thought to be five to ten percent of the Raiders wasn’t approved.” A new rule says that employees can’t be given stock options. Davis spoke out against this rule at the meeting where it was adopted. Other reasons to be hesitant include Brady’s upcoming job as a TV host at Fox and “a discount of as much as approximately 70 percent” in the price Davis charged Brady.
Brady is going through a pretty rough patch right now, and people in the NFL had a lot to say about it.
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