weather icon Cloudy

Ex-teammate reportedly joins Tom Brady in bid to buy stake in Raiders

Updated July 9, 2024 - 6:50 pm

Tom Brady’s bid to purchase a minority stake in the Raiders could be getting a big push from a former teammate.

Hall of Fame defensive tackle Richard Seymour reportedly is teaming with Brady to purchase a 10.4 percent stake in the club. Brady and Seymour are expected to bring their own partners with them to complete the deal, according to Pro Football Talk’s Mike Florio

The Raiders and the NFL declined comment Tuesday.

Brady and Knighthead Capital co-founder Tom Wagner have been in talks with Raiders owner Mark Davis about purchasing a stake in the team for more than a year. The deal has stalled at the NFL finance committee level for various reasons. Among them are the proposed discounted price Brady is buying at and his involvement as an NFL broadcast analyst for Fox.

Seymour’s involvement could help alleviate those concerns. If so, his and Brady’s purchase bid could be approved at the NFL’s owners meetings in October. Approval is predicated on 24 votes by owners.

Seymour played eight seasons with the Patriots and four with the Raiders. His role as a limited partner owner would continue the Raiders’ long-standing commitment to diversity and equality. The Raiders made Art Shell the first African-American NFL head coach; former coach Tom Flores was the first minority head coach to win a Super Bowl championship.

Contact Vincent Bonsignore at vbonsignore@reviewjournal.com. Follow @VinnyBonsignore on X.

Like and follow Vegas Nation