• Loading stock data...
Friday, June 14, 2024

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

Back in the ’Burbs? Bears Weighing Renewed Stadium Interest from Cities

Two suburban jurisdictions renew their efforts to land the Bears, despite the team’s downtown stadium plans.

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.

Wimbledon’s Record $64M Prize Pool Spurs Tennis-Wide Pay Increase

The oldest of the tennis Grand Slams raises its prize fund to a record $64 million.
podcast thumbnail mobile
Front Office Sports Today

How the US Open is Designed for Drama

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.
May 10, 2024; Lake Forest, IL, USA; Chicago Bears quarterback Caleb Williams during a press conference before Chicago Bears rookie minicamp at Halas Hall.
June 13, 2024

Caleb Williams Launches Investment Firm Before Signing a Bears Contract

Williams announced 888 Midas for private equity, VC, and real estate deals.
June 13, 2024

Why Alexis Ohanian Thinks Women’s Track Is Ripe for Heavy Investment

The serial sports investor explains his plans for women’s track to ‘FOS.’
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 12, 2024

Jerry West, Legendary NBA Player and Exec, Dies at 86

The NBA has lost its logo. 
June 11, 2024

The ‘Impossible’ Happens: Joey Chestnut Out of Nathan’s Hot Dog Contest Over Brand Beef

The pro eating champion’s partnership with Impossible Foods is the culprit.
June 11, 2024

An Olympic Contender Explains How You Can ‘Lose Money’ In Elite Running

‘If you want to make money in this sport, it’s all about shoe deals. It’s all about getting sponsored.’
June 10, 2024

Clark’s Olympic Snub Ignites Debate, Reveals Complexities Beyond Court

Business and basketball goals are coming into direct conflict as a result of the much-debated decision.