Legendary quarterback Tom Brady’s bid to turn out to be a minority proprietor of the Las Vegas Raiders is anticipated to be authorized on the NFL’s fall house owners’ conferences in Atlanta on Tuesday, in keeping with a league supply. The league’s monetary committee will evaluate Brady’s bid, and a vote is anticipated to obtain the mandatory 24 votes out of 32 house owners to approve the roughly 10 p.c stake Brady and his enterprise associate, Tom Wagner, plan to buy.
Right here’s a timeline of Brady’s path to doubtlessly changing into a minority proprietor of the Raiders.
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January 18, 2020: Brady attended UFC 246 in Las Vegas and was photographed smiling with Raiders proprietor Mark Davis and then-Raiders government Marcel Reece. The Raiders had been getting into their first season in Las Vegas, whereas Brady was coming off what could be his ultimate season with the New England Patriots. With Brady set to turn out to be an unrestricted free agent that March, rumors had been swirling he might signal with the Raiders to switch Derek Carr.
The Raiders thought of pursuing Brady, however coach Jon Gruden, who had personnel energy, determined towards it and caught with Carr. Brady signed with the Tampa Bay Buccaneers, however the Raiders’ flirtation remained important as Brady’s relationship with Davis deepened.
In an look on CBS Sports activities Radio final 12 months, former Raiders CEO Amy Trask mentioned that Davis has leaned on sportscaster Jim Grey as a “main adviser” over time and that, sooner or later, Grey “facilitated the connection” between Davis and Brady.
January 14, 2021: Davis agreed to buy the WNBA’s Las Vegas Aces. He’d been an Aces season ticket holder since 2018 and a fan of the WNBA since play started in 1997.
February 12: 2021: Davis’ buy of the Aces was formally authorized by the WNBA and its house owners.
February 1, 2022: Brady introduced his retirement from the NFL after 22 seasons at age 44. He gained a Tremendous Bowl with the Buccaneers following the 2020 season, however they misplaced within the divisional spherical of the playoffs the following season.
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March 13, 2022: Fourty days after saying his retirement, Brady modified his thoughts and introduced he’d return to play for the Bucs in 2022. He signed a restructured one-year extension in April.
Could 10, 2022: Fox Sports activities introduced it signed Brady to a 10-year, $375 million contract to turn out to be its lead colour commentator for NFL video games. The plan was for him to begin at any time when his enjoying profession concluded.
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Could 31, 2022: Brady attended an Aces recreation in Las Vegas. He caught up with Davis and expressed his admiration for what he and the franchise had been constructing. On the courtroom, the staff was thriving and en path to its first WNBA title later that season. The Aces had been repeatedly promoting out video games and drawing a number of the finest attendance within the league.
“I believe he was simply actually impressed with how far girls’s basketball has come,” Davis informed The Athletic final 12 months. “And he was additionally impressed by the joy and the passion of the gang in Las Vegas.”
Shortly after the sport, Brady’s representatives reached out to Davis and requested whether or not he could be prepared to promote a minority stake within the Aces.
“He knew that I used to be in it, and I believe he simply felt he wished to be part of it,” Davis mentioned. “And so, his folks contacted me, and we talked about it, and he turned a associate.”
Welcome to the Aces Household, @TomBrady! 🏆 pic.twitter.com/4bj3IPQz2K
— Las Vegas Aces (@LVAces) March 24, 2023
Dec. 28, 2022: Coach Josh McDaniels introduced the Raiders had been benching Carr. Though Carr had signed a three-year extension with the franchise that April, it included a clause that allowed the Raiders to simply get out of the contract after one season. In benching Carr, McDaniels and common supervisor Dave Ziegler made it apparent that they deliberate to maneuver on from the veteran quarterback.
That meant the Raiders wanted to discover a new beginning quarterback. The Raiders considered Brady as their main choice, in keeping with league sources. As a Patriots assistant coach, McDaniels gained six Tremendous Bowls and produced a number of the league’s finest offenses working alongside Brady in New England. Brady was set to turn out to be an unrestricted free agent in March 2023, and there was motive to consider he might look to play elsewhere if he didn’t win one other Tremendous Bowl with Tampa Bay.
Jan. 16, 2023: The Bucs had been eradicated within the wild-card spherical of the playoffs in an embarrassing 31-14 loss to the Dallas Cowboys.
Feb. 1, 2023: Brady introduced his retirement “for good.” This time, he didn’t return on the choice.
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March 23, 2023: The Aces formally introduced that Brady had reached an settlement with Davis to turn out to be a minority proprietor. Though Brady had handed on the chance to play for the Raiders, his relationship with Davis made it a very good match.
“I’m very excited to be a part of the Las Vegas Aces group,” Brady mentioned in a press release launched by the staff. “My love for girls’s sports activities started at a younger age once I would tag alongside to all my older sisters’ video games. They had been by far the perfect athletes in our home! … I’ve all the time been an enormous fan of ladies’s sports activities, and I love the work that the Aces’ gamers, workers and the WNBA proceed to do to develop the game and empower future generations of athletes. To have the ability to contribute in any solution to that mission as a member of the Aces group is an unbelievable honor.”
Tom Brady, WNBA commissioner Cathy Engelbert and Raiders and Aces proprietor Mark Davis attend a 2023 WNBA championship banner-raising ceremony earlier than the Aces’ 2024 dwelling opener on Could 14. (Ethan Miller/Getty Photos)
Could 22, 2023: Davis informed ESPN he had come to an settlement with Brady for him to buy a minority possession stake within the Raiders.
“We’re excited for Tom to affix the Raiders,” Davis informed ESPN, “and it’s thrilling as a result of he will likely be simply the third participant within the historical past of the Nationwide Soccer League (after George Halas Sr. and Jerry Richardson) to turn out to be an proprietor.”
Oct. 5, 2023: The Washington Submit reported that Brady’s bid to turn out to be a part-owner of the Raiders had hit a snag. In accordance with the report, there was concern by the opposite NFL house owners about Davis providing Brady a decreased value for a ten p.c stake. When contacted by The Athletic, Davis and Brady’s illustration declined to remark.
Aug. 28, 2024: As Brady ready to make his broadcasting debut with Fox Sports activities in Week 1, he discovered he’d face intensive restrictions resulting from his bid to amass an possession stake within the Raiders.
Though Brady nonetheless hadn’t been formally authorized as a minority proprietor, a league supply informed The Athletic he wouldn’t be allowed key entry typical for NFL broadcasters in his position as a Fox analyst. He’s not allowed entry to different groups’ services and practices and might’t attend broadcast manufacturing conferences, which often embody conferences with coaches and gamers forward of video games. He’s additionally not allowed to publicly criticize officers or different groups and may very well be fined or suspended if the league feels he breaks that coverage. He additionally should abide by the league’s playing and anti-tampering insurance policies and is proscribed to “strictly social communication” with members of different groups.
A community supply informed The Athletic that Fox Sports activities had no issues concerning the limitations, and Brady agreed to them.
Oct. 5, 2024: In accordance with the Washington Submit, Brady and businessman Tom Wagner, the co-founder of Knighthead Capital Administration, elevated their monetary supply to buy a ten p.c stake within the Raiders from Davis.
Oct. 15, 2024: The NFL’s fall house owners’ conferences happen in Atlanta. If the house owners vote on Brady’s bid as anticipated, he would want 24 of the 32 votes to approve his bid. The bid is anticipated to be authorized, in keeping with league sources.
In the event that they don’t vote in Atlanta, the following probability will come on the NFL’s subsequent league assembly on Dec. 10-11 in Irving, Texas.
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Tom Brady anticipated to be authorized as Raiders minority proprietor
The Athletic’s Andrew Marchand, Richard Deitsch, Dianna Russini and Vic Tafur contributed to this report.
(Prime picture of Mark Davis and Tom Brady: Ethan Miller / Getty Photos)
