Tom Brady is still trying to land a share of the Las Vegas Raiders on the back of his retirement from football. And owners around the NFL seem to be angry about it given the price he’s getting it at.
Raiders owner Mark Davis is letting Brady have a 10 percent stake for $175 million. While that might seem like a lot, and it is, it would suggest that the team is worth $1.75 billion, which is significantly less than the team’s actual value – especially considering that the Washington Commanders just sold for over $6 billion.
Of course, it’s way easier to get freebies and bargains when you’re a millionaire; it’s just the way the world works. But at least one owner seems unhappy with the impending deal.
“If reasonable value says . . . that 10 percent should be $525 million, you can’t pay $175 million,” Colts owner Jim Irsay said via the Boston Globe on Wednesday.
It’s also been noted that the former quarterback’s inbound FOX gig could pose a problem, though initial reports insisted it wouldn’t.
Of course, an owner can sell for whatever price he wants. Davis and Brady have a great business relationship, with the seven-time Super Bowl winner having already bought into the former’s Las Vegas Aces. But it’s also worth noting that adding Brady as an owner is very likely to boost the Raiders’ value.
Click on ‘Follow Us’ and get notified of the most viral NFL stories via Google! Follow Us
So it could be in Davis’ best interest to sell to the ex-QB at a discounted price.
