Major update on Tom Brady's purchase into Raiders, Fox deal revealed

It sounds like Tom Brady could be permitted to serve as both a minority owner of the Las Vegas Raiders and as Fox's in-game lead NFL analyst at the same time.

NFL insider Mike Florio of Pro Football Talk/NBC Sports reported on Tuesday afternoon that Hall of Fame defensive lineman Richard Seymour "is close to finalizing a deal to become an owner and limited partner of the Raiders" and "will join forces with Brady" on a deal that is expected to "resolve most of the concerns about Brady’s bid."

It was learned last fall that the much-anticipated transaction involving the seven-time Super Bowl champion had "a lot of problems," in part because Raiders principal owner Mark Davis had offered Brady’s purchasing group a stake in the team at a "discounted price." Additionally, multiple reports indicated that at least some owners had concerns about alleged "conflicts of interest" related to Brady having access to clubs via practices and production meetings while also serving as a minority owner of a franchise.

"Another lingering complication for Brady relates to his looming role as a broadcaster with Fox," Florio said in Tuesday's piece. "It’s believed that parameters have been developed to address the issues that would arise from Brady, as an owner of the Raiders, being involved in meetings and attending practices involving teams that compete with the Raiders. (Whether those parameters are sufficient will depend, frankly, on what they are)."

There has never been any real indication from Brady that he would ultimately choose between becoming a limited partner of the Raiders or working for Fox via a 10-year deal reportedly worth $375M that the two sides agreed upon following the 2021 campaign. Brady retired from playing in February 2023 and then took a "gap year" away from the league as he prepared to make the move into the commentary booth this season.

As recently as May, NFL Network insider Tom Pelissero acknowledged that some teams were "vehemently opposed to Tom Brady being an equity partner, being a part owner of a team and broadcasting games." Florio indicated the updated Seymour-Brady bid could be presented this October and, seemingly, will receive at least the 24 votes it needs from other owners to approve the purchase.