More than a year has passed since Tom Brady and the Raiders agreed to buy a share of the franchise, but they are still awaiting NFL permission.
According to reports, the transaction has raised certain issues for the team owners, one of which is concerning Brady’s new position.
At the league meetings the following week, Mark Maske of the Washington Post wrote on Tuesday that NFL owners are not anticipated to vote on Brady’s ownership proposal.
Owners are worried that Brady’s employment as an analyst for FOX starting in the upcoming season presents a conflict of interest, which is one of the outstanding issues that need to be resolved.
From our narrative: The financial aspects of Tom Brady’s offer to purchase an ownership share in the Raiders were previously questioned by the finance committee. According to three sources, several owners are also worried about a possible conflict of interest brought on by Brady’s television work with Fox.
According to reports, owners are also worried that Brady and partner Tom Wagner’s offer for a ten percent ownership stake in the Raiders is too low.
For the upcoming season, Brady will be the primary game analyst for FOX. Although FOX’s approval of Brady’s broadcasting was previously in doubt, reports indicate that network executives have given their approval to the plan.
Additionally, according to NFL regulations, a team owner would only be considered to have a conflict of interest if they “possess a position of power within the media firm and could effect broadcast rights negotiations.
Should Brady decide to become a part-owner of the Raiders, he will have to forfeit at least one endorsement deal. However, there doesn’t appear to be a timetable in place just yet for when the purchase will close.
