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 teams 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 interest 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.
Brady is still involved in the sports world in addition to owning stock in both of the Las Vegas teams. Another wrinkle in Brady’s deal to become an NFL club owner is that he will be joining the broadcast booth to call games 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 price is still the transaction’s biggest red flag.
According to one source, Brady’s deal’s worth was increased in recent months to match the Raiders’ valuation from an unrelated transaction from earlier in 2023, Sportico stated.The Brady group’s deal is currently being investigated by league staff members, attorneys, and financial consultants. There is no deadline for settlement, which would still need ownership approval.”
