Tom Brady is on the brink of securing a limited ownership position with the Las Vegas Raiders, having navigated through the essential financial adjustments required for the deal. Reports from NFL Network’s Ian Rapoport and Tom Pelissero indicate that Brady’s investment is slated for review by the NFL’s finance committee in early March, with the possibility of final approval at the NFL Annual League Meeting towards the end of March.
The progression of Brady’s ownership bid was momentarily slowed due to the need for an adjustment in the financial commitment by Brady and his investment team, which includes Knighthead Capital’s co-founder Tom Wagner. This adjustment was necessary to align with the current valuation of the Raiders franchise.
Recent discussions pointed to an undervaluation in Brady’s initial investment proposal, prompting a reassessment to better reflect the Raiders’ worth. With the Raiders valued at approximately $5.8 billion by Sportico, Brady and his group are anticipated to acquire a 10% stake, with Brady himself holding a 7% share.
In anticipation of this ownership transition, Brady has been actively involved in advisory roles for the Raiders, contributing to strategic decisions such as the head coaching appointment and staff recruitment under the guidance of new head coach Antonio Pierce.
Brady’s foray into the Raiders’ ownership is part of a broader portfolio of investments, including ventures in English football with Birmingham City, motorsports, and a Major League Pickleball team, showcasing his diverse interests beyond the gridiron.
Securing ownership in the Raiders would mark a significant milestone in Brady’s post-playing career, adhering to league rules that prohibit active players from holding equity in NFL teams. This move signifies Brady’s transition from the field to the boardroom, cementing his legacy in a new realm of the sports industry.