Tom brady las vegas raiders ownership
Sportico values the Raiders at around $ billion. This deal would be Brady's second with Davis in Las Vegas as he is also a part owner of the. -- Las Vegas Raiders owner Mark Davis acknowledged Monday he has "come to an agreement" with Tom Brady for the retired quarterback and. Brady initially came to an agreement with Raiders majority owner Mark Davis in Tom brady las vegas raiders ownership that would make the seven-time Super Bowl champion a minority. National Football League (NFL) legend Tom Brady has agreed a deal to acquire a minority stake in the Las Vegas Raiders, owner Mark Davis has.
Tom Brady’s Raiders Deal Revised Upwards to Match 2023 Transaction
What percent of Raiders does Brady own? Raiders owner Mark Davis and Brady reached an agreement last May for the former NFL quarterback to take a 10 percent stake in the team, which some had believed was a move to convince Brady to suit up for the Raiders.
Who makes more money in the Brady family? Well, according to Celebrity Net Worth, Gisele Bündchen's net worth is $400 million, which is almost double what her husband Tom Brady is worth. She makes $40 million per year, according to Celebrity Net Worth. (The site reports that Brady is worth $250 million and has an annual $30 million salary.)
How much of the Raiders does Tom Brady own? Brady's group, which includes Knighthead Capital co-founder Tom Wagner, is expected to purchase around 10% of the Raiders, with Brady having about 7% of that. Sportico valued the Raiders at roughly $5.8 billion. Brady's potential investment in the Raiders was first reported in May 2023.
What is Tom Brady's deal with the Raiders? Brady initially came to an agreement with Raiders majority owner Mark Davis in May that would make the seven-time Super Bowl champion a minority owner of the NFL's Las Vegas franchise with a 10 percent stake for a reported $175 million. The Raiders were valued by Forbes at $6.2 billion in August.
Tom Brady acquires minority stake in Las Vegas Raiders
And, you know, they're an iconic NFL franchise," Brady said. And he's not with us anymore but I've heard incredible stories. And then the opportunity came about to become a minority owner in the Raiders, it was a dream come true for me. This is not something that I'm into it for a year or two years. You know, I've got a lot of responsibility with my Fox job, which I take very seriously.
But if I'm looking over the course of my life, to have the opportunity to be involved in the NFL is a dream come true. And if I could help the NFL and continue to contribute in a positive way, then you know, that's been a very enjoyable part of my life. That is a recipe for success on paper. From Brady himself, it appears he won't have too much involvement in the daily operations of the franchise, but will be there as an investor and will surely be called upon by Mark Davis and co.
On Thursday, Sportico reported that due to some owners feeling as though Brady's proposed investment didn't match the current value of the Raiders, the number needed to be bumped up. The seven-time Super Bowl champion's initial interest in the Raiders was reported last May.
In the meantime, Brady has advised majority owner Mark Davis on transactions such as the team's head coaching search and the filling out of the staff under new head coach Antonio Pierce. This is far from Brady and Wagner's lone investment adventure, as they also teamed up on deals for Birmingham City, an English soccer club, an auto-racing team and a Major League Pickleball franchise.
Should Brady finally gain approval for his ownership, that will officially close the door on his career and begin his retirement from the league as a player, as they aren't allowed to have an equity stake in franchises. When Brady returned to the Tampa Bay Buccaneers for the season, that put any possible transaction on ice.
Active players, like all team employees not related to the owner, are not allowed to hold team equity. The Raiders talks reignited early last year, when Brady retired for good, and the agreement at the price was announced in May, pending league approval. There were initial concerns about whether Brady buying in might be a conflict if he calls games for Fox next year—would he, for example, participate in the pre-game team meetings organized by broadcasters?
Additionally, there was speculation about what might happen if Brady once again came out of retirement, or took a leadership position at the team. But the biggest concern by far, the people said, was the price. The NFL gatekeeps its ownership ranks tighter than any other major U. Tom brady las vegas raiders ownership Some members of the finance committee, which is chaired by Kansas City Chiefs owner Clark Hunt , balked at the idea of Brady getting in at a price so far below market rate.
In the past few months, Brady and the Raiders agreed to change the price. The shares are the same as others once they are purchased, the sources said. Davis, whose father Al bought into the team in , has no children and many around the league have wondered whether Brady could potentially take a larger role in Raiders ownership in the future.