• Fri. Mar 1st, 2024

Tom Brady on the Verge of Becoming a Limited Owner of the Las Vegas Raiders: Insights into His Investment Journey

ByEditor

Feb 11, 2024
Tom Brady has reportedly met the final requirements to become a minority owner of the Raiders.

Tom Brady is on the verge of becoming a limited owner of the Las Vegas Raiders. According to NFL Network, the final hurdles have been cleared for his investment, and by March 4 or 5, it will be reviewed by the league’s finance committee. The final approval is expected to happen at the NFL Annual League Meeting on March 24-27.

The delay in the process was due to Brady and his group needing to increase their financial commitment to reflect the proper valuation of the Raiders. Some owners felt that Brady’s proposed investment didn’t match the current value of the team, so they asked for more funds.

Brady is expected to purchase 10 percent of the Raiders, with himself owning seven percent. In addition, he has been advising majority owner Mark Davis on team transactions and filling out staff under new head coach Antonio Pierce.

Brady and Tom Wagner, co-founder of Knighthead Capital, have also worked together on deals for other sports investments. If Brady gains approval for his ownership, it will mark the official end of his playing career in the NFL as players are not allowed to have an equity stake in franchises.

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