Former NFL quarterback Tom Brady is reportedly seeking to pay a mere $175 million for a 10% stake in the Raiders, a price which represents a significant discount based on the value of the team, according to a report from Ben Volin of The Boston Globe.
Brady’s interest in a stake of the Raiders franchise has been well-documented, but the deal has yet to be approved by NFL owners. Colts owner Jim Irsay took issue to the price of Brady’s stake, as he believes it is too steep of a discount for a 10% ownership piece of the franchise.
“We’re trying to work through,” Irsay said of the ongoing review of the deal. “The number just has to be a reasonable number for purchase price for Tom, is the only thing. If reasonable value says that 10% should be $525 million, you can’t pay $175 million.”
