The NFL’s Finance Committee is set to review a high respected figure investment plan on March 4 or 5 during its meeting in..
The NFL’s Finance Committee is set to review Tom Brady’s investment plan on March 4 or 5 during its meeting in New York, with final approval anticipated at the NFL Annual League Meeting in Orlando from March 24-27, according to sources. A league spokesman confirmed on Saturday that the committee is still reviewing the matter.
A recent report from Sportico indicated that Brady’s valuation had increased, leading some NFL owners to consider it below market value. Brady, along with Knighthead Capital co-founder Tom Wagner, is expected to acquire approximately 10% of the Raiders, with Brady holding around 7% of that. Sportico valued the Raiders at around $5.8 billion. The news of Brady’s potential investment in the Raiders first surfaced in May 2023.
Brady and Wagner share investments in various sports ventures, including the English soccer club Birmingham City, a Major League Pickleball franchise, and an auto-racing team competing in the World Endurance Championship.
Upon the completion of Brady’s deal, the iconic quarterback will officially retire, as non-family club employees, including players, are prohibited from owning equity in teams. During the pending transaction, Brady has informally advised Mark Davis, assisting in the coaching search and the hiring of offensive coordinator Luke Getsy.
While awaiting the outcome of his investment, Brady will make a return to the NFL spotlight as a broadcaster for FOX starting with the 2024 season. Sources indicate that Brady plans to become a top analyst at FOX, with the quarterback stating on his Let’s Go! podcast on SiriusXM that he has a significant broadcasting job starting in September and is diligently preparing for the opportunity with the same level of detail and competitive desire that characterized his football career. He has spent extensive hours researching and studying not only the game but also the television industry.
