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The post-football life of former New England Patriots quarterback Tom Brady is expanding further.
After recently being announced as the primary analyst for FOX’s telecasts, the 47-year-old is now set to play a more significant role in his ownership ambitions with the Las Vegas Raiders.
“Tom Brady’s anticipated investment in the Las Vegas Raiders, which has faced delays for over eight months, has recently undergone a revision to increase the team’s valuation, as per information from several sources,” reports Sportico.
Brady, along with Knighthead Capital co-founder Tom Wagner in his investment group, is seeking to acquire slightly over a 10% ownership stake in the Raiders. The process necessitates approval from the existing ownership, and there is no defined timeline for a decision on Brady’s potential role as a minority owner.
“In recent months, the valuation of Brady’s deal was adjusted to align with an unrelated transaction involving the Raiders earlier in 2023, according to one source,” notes Sportico. “League personnel, legal experts, and financial advisors are continuing to scrutinize the agreement between Brady’s group and the Raiders.”
The agreement between Brady and Raiders owner Mark Davis was initially reached in May 2023, with the intention of making the seven-time Super Bowl winner a minority owner. The connection between the two stems from their past relationship. Davis, who owns the WNBA’s Las Vegas Aces, also has Brady as a minority stakeholder. For Brady to secure ownership in the Raiders, he requires approval from a three-fourths majority of NFL owners.
While Brady does not foresee heavy involvement upon approval, his excitement about the prospect remains evident.
