Iconic quarterback Tom Brady is close to becoming a minority stakeholder in the Las Vegas Raiders.
The seven-time Super Bowl winner announced his retirement this year, bringing down the curtain on an enthralling 22 years in the NFL. However, the 45-year-old still has one foot in the game, as he will commence a lucrative analysis role with Fox Sports next year.
But before the Californian gets into the television studios, he could have his feet firmly under the desk in the Raiders’ boardroom.
According to ESPN, Brady is in “deep discussions” to become a limited partner of the Las Vegas side. It’s understood talks between the two parties have been ongoing for weeks, but sources claim negotiations are still rather delicate and fast moving.
It’s also believed his investment will be passive and would not include any hands on operational control of the Raiders. It will be the second time Brady has linked up with Raiders’ owner Mark Davis on a sports franchise.
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In March, the 45-year-old purchased a stake in WNBA side the Las Vegas Aces, who are owned by the $1.9bn business mogul. Any agreement of terms between Brady and Davis would only be the start of the process.
Brady would also need to be vetted by 24 current team owners before he is given the green light on any investment. One factor which may complicate any deal could be the $375m (£301m) ten year contract he signed with Fox.
While the league policy tends to discourage the overlapping of team ownership and media employment, it is also believed any investment from Brady would be “blessed” by Fox and would therefore not cause any problems.
According to ESPN, any potential issues would be caused if the owner or stakeholder within an NFL team held a position of authority within a media company, which could lead to the complication of broadcast rights negotiations.