Tom Brady is in “deep discussions” to acquire a minority ownership stake in the NFL’s Las Vegas Raiders, according to ESPN.
The prospective deal isn’t expected to impact Brady’s $375 million, 10-year agreement to become Fox Sports’ No. 1 game analyst starting with the 2024 season. Citing sources, ESPN said Fox has “blessed” the possible deal.
“Discussions between the two sides have been going on for weeks and could soon be reaching a resolution, yet sources say it’s still an extremely sensitive and fluid negotiation,” wrote ESPN’s Seth Wickersham and Adam Schefter.
“Brady’s investment is expected to be ‘passive,’ a source with direct knowledge of the situation says, and he would not have any operational control or authority over the club in business or football matters.”
According to Forbes, the Raiders had a valuation of $5.1 billion in 2022.
The NFL’s policies on overlapping media employment will only kick in if the potential owner holds a position of authority that could impact media rights negotiations, according to ESPN. Fox and the NFL agreed to an 11-year media rights deal to pay the league $2 billion annually through 2033.
Last year, Brady was involved in similar talks for a minority stake in the Miami Dolphins.
This could mark the seven-time Super Bowl winner’s second ownership foray with Raiders majority owner Mark Davis.
In March, Brady purchased a stake in the WNBA Las Vegas Aces, also majority-owned by Davis.