Saturday September 23, 2023
The Best Employers in Sports Survey is Now Open!

Delay Around Brady’s Raiders Stake Sparks Questions

  • In May, Tom Brady agreed to acquire a minority ownership stake in the Las Vegas Raiders.
  • The transaction has not been approved by the league and it is unknown when it will be.
Tim Heitman-USA TODAY Sports
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

As he steps down as chair of Fox and News Corp., we discuss his monumental and ongoing impact.
Listen Now
September 22, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

The lagging process by which Tom Brady will officially acquire a minority ownership stake in the Las Vegas Raiders — which was agreed to in May — is creating several interesting questions, both on and off the field.

The purchase hasn’t been finalized by the league, and there is no firm timetable to do so, according to NFL Media.

Brady would not be able play for a team if he owned a part of a franchise — sparking fan speculation that Brady is holding up the deal in case he wants to return to playing quarterback somewhere during the 2023 season. 

But there could be more complicated business details behind the scenes. 

Under new rules reportedly passed after Brady agreed to acquire the Raiders stake, Brady would also be unable to work for the Raiders if he held team equity. If Raiders owner Mark Davis had been hoping to add Brady to his front office, he can no longer do so.

How big a stake or how much it would cost Brady is unknown, but with the Raiders’ most recent valuation from Forbes at $6.2 billion, even a half-percent of the team could be worth $31 million.

‘Patriot For Life’

Another reason for the delay could be that Brady has changed his mind about acquiring a stake in the Raiders — potentially in favor of his longtime former NFL club.

Brady got the royal treatment last weekend when the New England Patriots welcomed the superstar back to Foxboro, and the seven-time Super Bowl champion sat with team owner Robert Kraft during the Week 1 game against the Philadelphia Eagles. “One thing I’m sure of and that will never change, is that I am a Patriot for life,” Brady said that day.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Big-12

Texas, Oklahoma's Big 12 Exit Could Have Cost $60M More

The school's move to the SEC is costing about $100 million.
A view of the Spurs club badge on the exterior of Tottenham Hotspur Stadium in London.

Tottenham, Valued At $2.8B, Says It's Open To Stake Sale

The club's chairman says new minority investors could come on board.

England Women’s Team Resolves Pay Dispute After WWC Success

Agreement arrives a month after the end of the 2023 Women's World Cup
Fanatics is buying auction marketplace PWCC.

Fanatics Nabbing WWE Rights In Latest Win Over Panini

Fanatics will take over WWE's trading card rights.
podcast thumbnail mobile
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

0:00
0:00

Featured Today

Deion Sanders with The Rock on ESPN's "College GameDay."

Deion Sanders Generated $45M In Earned Media For Colorado

From Sept.1-22, Sanders generated $45.7M for the public university.
September 23, 2023

Up Next For College Football Playoffs: More Change, Money, And ... Streaming?

Many changes are coming to the CFP when it expands to 12 teams.
September 22, 2023

Warriors Stake Reportedly Up For Sale at $7B Valuation

A 10% stake in the franchise could cost $700 million.
September 22, 2023

Jaguars Threaten Move Without $1B From Jacksonville Taxpayers

The Jagaurs are hoping to renovate TIAA Bank Field for $2 billion.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
Ottawa-Senators

Andlauer Completes Record $950M Senators Acquisition

Long-awaited pact follows three months of due diligence, league review
September 20, 2023

Royals Miss Self-Imposed Deadline To Select Stadium Site

Ongoing discussions with Jackson, Clay Counties prompt timetable shift
Chelsea-FC
September 20, 2023

Chelsea Gets $500M For Stadium Projects, Club Acquisitions

The Premier League club is receiving crucial new investment.
September 19, 2023

Rays Eye Much More Stable Future With Stadium Deal

Ballpark deal ends years of relocation rumors
September 18, 2023

Wisconsin Legislators Make Renewed Pitch To Keep Brewers

Republican-led effort looks to retain MLB club in the state
September 18, 2023

Orioles’ Angelos Says Staying In Baltimore ‘A Given’

Reclusive Angelos conveys new confidence of new lease deal
September 18, 2023

Rays Reportedly Set To Announce Long-Awaited Stadium Deal

Anticipated deal ends nearly two decades of unsuccessful efforts toward new ballpark
Ottawa-Senators-Players
September 17, 2023

Senators $950M Sale Will Reportedly Be Completed This Week

Michael Andlauer is buying the team for an NHL record price.