Tom Brady has agreed to acquire a minority share in the Las Vegas Raiders, his second investment in a team owned by Mark Davis. The legendary quarterback purchased a stake in the WNBA’s Las Vegas Aces in March.
Brady’s deal with the Raiders has been submitted to the NFL for approval, according to Albert Breer of Sports Illustrated. The ownership transaction isn’t expected to impact Brady’s $375 million, 10-year agreement with Fox Sports to broadcast NFL games starting in 2024.
Reports of ownership discussions between Brady and the Raiders emerged two weeks ago from ESPN. In 2020, the Raiders were rumored to be interested in signing Brady as the team’s quarterback before he joined the Tampa Bay Buccaneers for the final three seasons of his playing career.
The Raiders had a valuation of $5.1 billion last year, per Forbes. In addition to the Raiders and Aces, Brady’s ownership portfolio includes a stake in a Major League Pickleball expansion franchise expected to begin play this year.
Brady’s other business endeavors include his NFT startup Autograph, which raised $170 million in 2022. He also has his own clothing company called Brady Brand and is a co-founder of the sports media production company Religion of Sports.
The seven-time Super Bowl champion was also a significant shareholder and ambassador for FTX, the cryptocurrency exchange that filed for bankruptcy last year.
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