Tom Brady on track to become a Raiders minority owner, set for TV future with FOX

by 24USATVFeb. 12, 2024, 4 a.m. 21
-

The plan is for the NFL's Finance Committee to consider Brady's investment on March 4 or 5 when members meet in New York, sources say. If all goes well, final approval should happen at the NFL Annual League Meeting in Orlando from March 24-27.

Sportico reported on Thursday that Brady's valuation had increased after it was deemed by some NFL owners as below market value. Brady's group, which includes Knighthead Capital co-founder Tom Wagner, is expected to purchase around 10% of the Raiders, with Brady having about 7% of that. Sportico valued the Raiders at roughly $5.8 billion.

Brady and Wagner are co-invested in a number of sports deals, including English soccer club Birmingham City, a Major League Pickleball franchise and an auto-racing team that competes in the World Endurance Championship.

Once Brady's deal is final, the greatest QB of all time will finally, officially be retired, as non-family club employees -- including players -- are not allowed to own equity in teams.

While Brady's transaction has been pending, he has served as an unofficial advisor to Mark Davis, helping on the coaching search and the hiring of offensive coordinator Luke Getsy.

Meanwhile, today's Super Bowl also marks the end of Brady's hiatus from the NFL, as he is scheduled to reemerge in the national spotlight as a broadcaster for FOX starting with 2024 season.

Sources say the plan is still for Brady to be a top analyst at FOX. On his Let's Go! podcast on SirusXM, Brady recently said: "I've got a big broadcasting job that's going to start in September. I'm already working hard on trying to make sure I'm ready for that opportunity."

As for how that's happening, sources say Brady is preparing the exact same way he prepared for football -- with obsessive detail and a fierce and competitive desire to be the best. He's spent countless hours doing research and studying not just the game, but the TV world.

He's talked to a large group of experts in the TV business, from Erin Andrews to Stephen A. Smith and anyone in between. He's also traveled out to the FOX Studios a handful of times this year, doing dry runs with Kevin Burkhardt, who is set to be his play-by-play broadcast partner on FOX's No. 1 team. They are said to already have great chemistry, with the network looking forward to Brady taking center stage.

-

Related Articles

HOT TRENDS

A few thoughts on the Cubs’ re-signing of Cody Bellinger

by 24USATVFeb. 25, 2024, 4 p.m.2
HOT TRENDS

Player ratings: Manchester United 1-2 Fulham

by 24USATVFeb. 25, 2024, 1 p.m.2
HOT TRENDS

PFL Vs. Bellator: Biggest Takeaways From Saudi Arabia

by 24USATVFeb. 25, 2024, 7 a.m.2
HOT TRENDS

Flint City Councilman Eric Mays dies

by 24USATVFeb. 25, 2024, 7 a.m.2
HOT TRENDS

Official Scorecards | Mexico City

by 24USATVFeb. 25, 2024, 5 a.m.2
HOT TRENDS

Prelim Results | Mexico City

by 24USATVFeb. 25, 2024, 4 a.m.2