Quarterback Tom Brady of the Buccaneers is Getting closer to Becoming a Raiders Minority Owner

Following his second retirement from the Tampa Bay Buccaneers, Tom Brady started enhancing his investment holdings. Among his many significant financial ventures was the acquisition of sports franchises in Las Vegas. The Las Vegas Raiders and the Aces, who have won back-to-back WNBA titles the past two seasons, were two of those teams.

Brady’s acquisition of a Raiders ownership stake was delayed, nevertheless, by opposition from other NFL owners who felt the deal’s price was incorrect. Under the terms of the agreement, Brady would receive seven percent of the 10-percent ownership group in the Raiders.

Before receiving clearance from other NFL owners, Brady and the Raiders had to modify their deal based on NFL comments because other owners thought it was undermarket value.

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According to a source, Brady’s deal’s worth was increased recently to match the Raiders’ valuation from an unrelated transaction from earlier in 2023, according to Sportico. “Due diligence on the Brady Group’s deal is still being done by League staff members, attorneys, and financial advisors. There is no deadline for resolution, which would still need ownership approval.”

Brady is still involved in the sports world in addition to owning stock in both of the Las Vegas teams. Another snag in Brady’s plan to buy an NFL franchise is that he’s expected to call NFL games in the broadcast booth starting next season.

However, the agreement is still pending, and it appears that there will be more work to be done since the owners want Brady to reimburse them fairly for his ten percent ownership interest in the team. Once more, the sale’s price is the major concern in the transaction.