Brady’s bid to own stake in Raiders likely to stay on hold

NFL team owners are unlikely to take a vote at next week’s annual league meeting to approve Tom Brady’s bid to become a part owner of the Las Vegas Raiders, two people familiar with the owners’ deliberations said Tuesday.

The prospective deal by which Brady, the seven-time Super Bowl-winning quarterback for the New England Patriots and the Tampa Bay Buccaneers, would purchase a minority ownership stake in the Raiders under principal owner Mark Davis remains on hold, barring a last-minute change next week.

The owners on the NFL’s finance committee previously raised issues related to economic aspects of the proposed deal. In addition, some owners have concerns about conflicts of interest arising from Brady holding an ownership stake in the Raiders while serving as an analyst on broadcasts of NFL games for Fox, according to one of the people with knowledge of the deliberations and two others familiar with the owners’ views.

Brady’s ownership deal must be approved by at least 24 of the 32 team owners. The owners generally follow the recommendation of the finance committee.

Brady’s discussions with the Raiders have been taking place for at least 10 months, and one person familiar with the matter said recently that it might be“about time to fish or cut bait.”After next week’s gathering in Orlando, the owners’ next meeting is scheduled for May in Nashville.

Brady and Tom Wagner, the co-founder of Knighthead Capital Management, are believed to be attempting to purchase approximately 10% of the Raiders.

Brady, 46, is one season into retirement as a player. He is expected to begin his broadcasting work with Fox this season.