Tom Brady Becomes Minority Owner of Las Vegas Raiders

Tom Brady continues to make headlines, this time not for his on-field heroics but for his off-field business acumen. The seven-time Super Bowl champion has added another feather to his cap by becoming a minority owner of the Las Vegas Raiders, a move that has sent shockwaves through the sports world.

Brady, along with Knighthead Capital founder Tom Wagner, has acquired a 10% stake in the Raiders, a deal that values the franchise at a whopping $3.5 billion. This investment, which amounts to approximately $220 million, also includes a 10% “flip tax” that will be distributed among the NFL’s other owners.

The NFL’s approval of the deal at a league meeting in Atlanta further solidifies Brady’s position as a key player in the sports business world. The Raiders, now the fifth-most valuable NFL franchise at $7.8 billion, have seen a surge in their value since relocating to Las Vegas in 2020.

Despite the small size of Allegiant Stadium, the Raiders have managed to maximize revenue through high ticket prices and hosting non-NFL events. This move into ownership follows Brady’s lucrative broadcasting contract with Fox Sports in 2022, showcasing his ability to excel both on and off the field.

As Brady joins the ranks of former NFL players turned team owners, his impact on the Raiders and the league as a whole is sure to be closely watched. With restrictions in place to ensure a balance between his ownership and broadcasting roles, Brady’s journey as a sports mogul is just getting started.