Report: Patriots legends Richard Seymour and Tom Brady are teaming up to buy stake in Raiders
The bid hasn't been approved yet, but Brady and Seymour are reportedly teaming up to buy a piece of the Raiders.
Richard Seymour, a Pro Football Hall of Famer who played eight seasons with the Patriots, is reportedly finalizing a deal to become a minority owner and limited partner of the Raiders.
According to Pro Football Talk’s Mike Florio, Seymour is joining forces with another Patriots legend, Tom Brady.
Together, Brady and Seymour along with their partners would own 10.4 percent of the team if the deal goes through, Florio reports.
The bid must receive 24 votes to be approved. Brady’s bid has yet to be approved, but the addition of Seymour could address some of the issues with it, according to the report.
“The combination of Seymour and Brady is expected to resolve most of the concerns about Brady’s bid,” Florio wrote. “Among other things, Mark Davis originally proposed giving Brady a steep discount over market value. That didn’t fly with the other owners.”
Another thing that might not fly with the owners is Brady’s role with FOX as a broadcaster, but parameters have been developed to address potential conflicts of interest according to Pro Football Talk.
Seymour, 44, finished his career with the Raiders after New England traded him for a first-round pick. He recorded 57.5 sacks, made seven Pro Bowls, and helped the Patriots win three Super Bowls.
According to the report, Raiders owner Mark Davis “initiated” the process of getting Seymour involved in ownership.
The deal is still pending league approval. Florio hinted that the bid could be presented to owners as soon as the fall, calling October an ideal time for such a move to be made.
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