Legendary NFL quarterback, Tom Brady takes another step toward securing his financial future. The 7-time Super Bowl winner has recently agreed to acquire a minority stake in the NFL franchise, the Las Vegas Raiders. Brady has played for the New England Patriots and the Tampa Bay Buccaneers previously and finished his career for the latter after the 2022-23 season.
There were prior attempts from Tom Brady to own an NFL team as he attempted to buy the Miami Dolphins in 2021 after his initial retirement. While his first attempt was unsuccessful, Brady is extremely close to securing the deal with the Raiders. Being a Patriot legend, the move to buy a West Coast team was perhaps unexpected for most. So how did the move come about?
Tom Brady reaches deal to become part owner of The Las Vegas Raiders 🎉🏈 pic.twitter.com/KvgrPrSbYt
— Daily Loud (@DailyLoud) May 23, 2023
If his bid to buy a portion of the Las Vegas Raiders is successful, it will be the second Vegas-based team under Brady’s ownership. In March 2023, Brady bought a partial stake in the WNBA team, Las Vegas Aces. It is important to note that Mark Davis was in charge of the WNBA team at the time of the deal. Coincidentally, Davis is also the owner of the Las Vegas Raiders.
So it appears as if Brady and Davis have developed quite a great business relationship. In an interview with ESPN, Davis broke the news to the fans. But the deal is not confirmed just yet as the NFL is yet to approve the takeover. However, if the NFL journalist Albert Breer is to be believed, the deal is likely to go through and get the approval.
The sale of a minority share of the @Raiders to ex-Patriots and Bucs QB @TomBrady has been agreed to and submitted to the NFL for approval. Won’t be done at the spring meeting but ball is rolling on it. (Brady is already in business w/Vegas owner Mark Davis, with the WNBA Aces.)
— Albert Breer (@AlbertBreer) May 22, 2023
Mark Davis revealed, “We have come to an agreement for Tom Brady to become a partner in the Raiders and we have submitted it to the NFL for approval. We’re excited for Tom to join the Raiders.”
How much did Tom Brady spend to buy the Las Vegas Raiders?
Despite being retired, Tom Brady remains an in-demand personality in the world of the NFL. Brady has already built up a great resume for himself as a real estate agent. Brady has sold properties worth $140 million and has gained a profit of nearly $30 million. Even prior to his final retirement, Brady served as a producer in the 2023 Hollywood film, “80 for Brady.”
With him already owning a part of a WNBA basketball team, Brady is seemingly ready for another big acquisition. However, there is no word on how much of the Las Vegas Raiders, which is worth $5.1 billion, Tom is actually going to buy.
But as per a report from NBC, Brady will have to shell out an obscene $40-60 million to buy even 1% of the NFL giants. With a reported net worth of $250 million, Brady is financially stable enough to spend the big bucks.
After his 2021 retirement, Brady signed a deal with the TV network FOX to be a football analyst. The 10-year deal was worth $375 million and it is to kick off in 2024. But, if NFL does approve Brady’s bid to invest in the Raiders, will it affect the existing deal with FOX? According to ESPN, Brady has gotten clearance from the network to proceed with the investment.
So fans can expect to see Brady as a pundit in the future. So what are your thoughts on the matter? Let us know in the comments down below.
