According to a Washington Post source, there won’t be a vote on Tom Brady’s bid to purchase a portion of the Las Vegas Raiders at the annual NFL meeting next week, therefore the plan is likely to be postponed. The former NFL star had anticipated that by modifying his bid for 10% of the team in response to the finance committee’s initial reservations about a price below market value, he would be closer to league owners’ approval.

Brady initially came to an agreement with Raiders majority owner Mark Davis in May that would make the seven-time Super Bowl champion a minority owner of the NFL’s Las Vegas franchise with a 10 percent stake for a reported $175 million. The Raiders were valued by Forbes at $6.2 billion in August.

According to the Post, there are worries that Brady is benefiting excessively from a discount compared to what is customarily given to limited partners. Additionally, several owners believe that Brady’s dual status as an owner and Fox’s chief NFL pundit creates a potential conflict of interest. It is said that he has a $375 million, ten-year contract that starts next season. In order to prepare for Fox broadcasts, Brady, 46, who retired following the 2022 season following a brilliant career with the New England Patriots and Tampa Bay Buccaneers, would like access to the practice fields and facilities of other teams. In their joint attempt for a piece of Knighthead Capital Management, he and co-founder Tom Wagner

The owners meeting is slated to begin Sunday in Orlando. The Raiders’ arrangement with Brady must be approved by at least 24 of the 32 league owners, who generally follow the finance committee’s recommendation.