Tom Brady, an investor from Birmingham City, is moving close to buying a stake in the Las Vegas Raiders, an NFL commissioner revealed this week.
Following the Raiders and Brady’s agreement in May, the seven-time Super Bowl champion is awaiting NFL approval. For an agreement to be approved by the league, it must receive the supermajority vote of at least 24 NFL owners.
It is slated to take place in May because the membership did not vote on the issue this week. Owner of the Indianapolis Colts, Jim Irsay, gave an explanation when the agreement was first postponed in October of last year: “We’re trying to work it through.” The only requirement is that the amount be a respectable amount for Tom’s purchasing price. You cannot pay $175 million (£138 million) if reasonable value dictates that 10% should be $525 million (£416 million).
