NFL owners are expected to approve Tom Brady as a minority owner of the Las Vegas Raiders, along with his business partner Tom Wagner, with Brady looking to buy about a 10% stake in the team. The deal is subject to approval by 24 of the NFL’s 32 team owners at a league meeting in Atlanta. The price Brady will pay for his stake is unclear, but the Raiders are valued at $7.8 billion, making them the fifth-most valuable franchise in the NFL.
Since moving to Las Vegas in 2020, the Raiders’ value has increased significantly, with the team earning $780 million in revenue in 2023, the third highest in the league. Brady’s bid for ownership began in May 2023 and has faced some delays due to concerns about the initial offer being too discounted.
If approved, Brady will have restrictions on his ownership, including not being permitted to attend production meetings or have access to team facilities, players, and coaches. He will also be subject to league rules prohibiting public criticism of officials and other clubs. Brady is not new to the Las Vegas sports scene, as he is also a minority owner of the WNBA’s Las Vegas Aces, owned by Mark Davis. Brady will be just the third former NFL player to become a team owner.
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