Tom Brady, a potential future Pro Football Hall of Fame inductee, is nearing a minority ownership deal with the Las Vegas Raiders, facilitated by co-founder Tom Wagner and owner Mark Davis.
The purchase agreement allows Brady and Wagner to buy a 10 percent stake in the Raiders, with the team's estimated worth at $7.8 billion, although their payment will be significantly less.
Brady and Wagner will need to pay cash for their ownership stake. If they do not have the full amount available, they must seek a loan to finance it.
The NFL's financial committee will evaluate the ownership bid made by Brady and Wagner, and it requires the approval of 24 out of 32 majority owners for it to proceed.
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