Report: Brady's bid to become Raiders part-owner delayed over discounted price

The approval process for Tom Brady's agreement to become a minority owner of the Las Vegas Raiders has stalled, a source told the Washington Post's Mark Maske and Nicki Jhabvala.

The delay is at least partly due to concerns from the league's finance committee regarding the discounted price Brady received from owner Mark Davis. The deal is unlikely to be approved at the proposed price, according to Maske and Jhabvala.

Brady reached a deal in May to become a minority owner. The agreement is expected to be voted on when team owners meet Oct. 17-18 in New York. Twenty-four out of 32 owners need to approve the deal.

It's unclear if Davis and Brady will revise the agreement, which is also hung up over several other issues. Owners aren't expected to approve the deal barring a last-second change, Maske and Jhabvala report.

However, members of the finance committee, as well as some league leaders, reportedly "want this deal to go through." There's apparently hope that a compromise can be reached over the price of the deal.

It's believed Davis is selling between 5% and 10% of his stake in the Raiders. Minority shares of sporting franchises are usually sold at discounted prices, although Brady may be receiving a discount of up to 70%, per Maske and Jhabvala.

The WNBA recently approved Brady's deal to acquire an ownership stake in the Las Vegas Aces, who are also owned by Davis.

The NFL's career leader in passing yards and touchdowns has been exploring several business opportunities since he announced his retirement Feb. 1. He agreed to a 10-year, $375-million broadcasting contract with Fox that starts in 2024.