• Loading stock data...
Tuesday, April 16, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

Tom Brady Seeking Ownership Stake In Raiders

  • Deal would not impact Brady’s TV gig with Fox, according to ESPN.
  • Brady is already in business with Raiders owner Mark Davis.
Tom Brady in talks to invest into Raiders.
Syndication: The Providence Journal

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.”

Christopher Cloos Tom Brady

Tom Brady Acquires Minority Stake in Las Vegas Aces

Tom Brady takes a minority stake with defending WNBA champs.
March 23, 2023

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.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Knicks’ Resurgence Marks Peak in Dolan’s Sports Domain

The team’s on-court success is fueling a series of gains off it.

States Want Tax Reform As Ohtani’s Deal Deferrals Stir Controversy

California legislators heighten their push for new tax rules around deferred compensation.

Wrexham, Leverkusen Write Hollywood Stories

The guaranteed payoff for Wrexham is modest but still significant.
podcast thumbnail mobile
Front Office Sports Today

DeSean Jackson and LeSean McCoy Make Media Moves

0:00
0:00

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Nike
Multiple - USA Careers
NBA
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

Caitlin Clark’s WNBA Chapter Officially Opens as No. 1 Overall Pick

Clark’s professional career is starting as a member of the Indiana Fever.
April 15, 2024

Out of Her ‘Comfort Zone’: SNL Starts Caitlin Clark’s Whirlwind Draft Weekend

‘The Today Show,’ ESPN, and an Empire State Building photo opp.
April 15, 2024

Boban’s Stunt Won Clippers Fans Thousands of Dollars of Chicken

High attendance and prices in L.A. are costly for Chick-fil-A.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
Jon Rahm waves to the crowd after donning his green jacket after winning The Masters golf tournament.
April 13, 2024

Top Purses for PGA Events in 2024

Jaire Alexander leads the charge as the top-earning cornerback in the NFL making more than $21 million per year.
April 12, 2024

Bad Bunny’s Sports Agency Hit With Bribe Claims, per Report

The MLBPA stripped Rimas Sports’ top agent of his certification.
April 12, 2024

Boston Marathon Organizers Still Owe Tens of Thousands to Former Winner

Deba was named the winner in 2016 after the first-place finisher doped.
April 12, 2024

A Decade-Long Timeline of the Shohei Ohtani–Ippei Mizuhara Saga

Ohtani’s former interpreter has been federally charged with bank fraud.