Colts' Jim Irsay: Tom Brady Should Have to Pay More Than $175M for Raiders Share

Indianapolis Colts owner Jim Irsay believes Tom Brady is being offered too large of a discount for a minority share of the Las Vegas Raiders.

Raiders owner Mark Davis is offering Brady a 10 percent share of the Raiders for a "discounted price," first reported by the Washington Post's Mark Maske and Nicki Jhabvala and confirmed by the Boston Globe's Ben Volin.

"We're trying to work it through," Irsay said, per Volin. "The number just has to be a reasonable number for purchase price from Tom, is the only thing. If reasonable value says … that 10 percent should be $525 million, you can't pay $175 million."

The Raiders are worth $6.2 billion, per Forbes.

The next owners' vote will take place during league meetings in Texas from December 12-13.

NFL leadership met earlier this week for the Fall League Meeting in New York, but Irsay said the owners "never talked about" the potential sale to Brady, according to Yahoo Sports' Jori Epstein.

Although it has been more than four months since Davis first announced his agreement with Brady, per ESPN's Paul Gutierrez, the sale necessitates the approval of three-fourths of the NFL's owners before it can go through, just like the sale of the majority of a franchise or a push to oust an owner.

Maske and Jhabvala reported earlier this month that the discounted price being offered to Brady would prevent the sale from gaining the 24 necessary yes votes "without modifications."

According to Volin, another obstacle to the sale is Brady's reported 10-year, $375 million deal as the lead NFL analyst for Fox Sports, which is set to begin in the 2024 season.

"Not everyone in the league is comfortable with a minority team owner also broadcasting games," Volin wrote.

ESPN's Seth Wickersham and Adam Schefter previously wrote in May that Fox had "blessed" Brady's partial ownership plan.

If Brady is successful in purchasing part of the Raiders, he will join former Chicago Bears co-owner George Halas and Carolina Panthers founder Jerry Richardson as the third former player in NFL history to hold an ownership stake in a team.