• Loading stock data...
Wednesday, July 9, 2025

Tom Brady Unanimously Approved as Raiders Minority Owner

  • The NFL icon’s long-awaited deal to buy part of the Raiders is now set for an ownership vote.
  • Votes are also possible on the Jaguars’ stadium renovation deal and another Super Bowl in Atlanta.
Kevin Jairaj-Imagn Images

Editor’s note: This story was published on Oct. 14, the day before NFL owners reportedly voted unanimously to approve Tom Brady as a minority owner in the Raiders.

The NFL’s GOAT is at last poised to enter the ranks of team ownership.

Former quarterback Tom Brady, widely considered to be the league’s greatest-ever player, will finally have his long-delayed bid to become a Raiders part-owner brought before other NFL team owners for approval, according to industry sources and multiple reports. Brady’s proposal to become a roughly 10% Raiders equity holder, along with business partner Tom Wagner, has cleared the league’s finance committee and is set to be brought before the full ownership during the NFL’s fall business meeting Tuesday in Atlanta.

Approval will require 24 of 32 team owners, and that vote is now expected to be a formality after the finance committee unanimously cleared the transaction. 

The 47-year-old Brady, who has grown close with Raiders majority owner Mark Davis, has been actively working on this deal for nearly two years, but it has run into several obstacles, including concerns within the league that he was receiving a hefty discount on the value of the team equity. Brady and Wagner have since increased their offer to an undisclosed figure. Las Vegas is currently estimated to be worth $6.7 billion, the seventh highest in the league.

Davis will remain the Raiders’ majority owner, but Brady is expected to have a significant role in Las Vegas’s football operations—not surprising given his unrivaled status as a seven-time Super Bowl winner.

Brady also owns a minority share of the Davis-led Las Vegas Aces in the WNBA. 

Fox Restrictions

Brady—also beginning a 10-year, $375 million broadcasting talent deal with Fox Sports that has included plenty of scrutiny on his booth performance—is already subject to several restrictions due to that pending dual owner/analyst role. 

In anticipation of this deal potentially being completed, the NFL has created several rules for Brady. Among them is a prohibition on performing common television analyst functions such as attending broadcast production meetings with coaches and players, and watching practices.

Even with those rules, the Brady deal still presents the seeming conflict of owning part of one team while also covering all of them. 

Other Meeting Matters

Several other issues are expected to be discussed at the owners meeting, including an update on television viewership for the league up by 1% so far this year, and is set for another boost with an expansion of the Monday Night Football simulcast schedule. Among the other pressing developments set for Tuesday:

  • Owners will likely take a vote on a $1.4 billion renovation agreement for EverBank Stadium in Jacksonville, home of the Jaguars. The public-private deal, calling for $775 million in taxpayer funds, will provide a dramatic upgrade to the 29-year-old facility. 
  • The NFL is set to award Super Bowl LXII in 2028 to Mercedes-Benz Stadium in Atlanta, according to a development initially reported by Sports Business Journal. That game is the next available Super Bowl still without a host as the next three games will be held in New Orleans; Santa Clara, Calif.; and Inglewood, Calif., respectively. 

Mercedes-Benz Stadium last hosted the Super Bowl in 2019, a 13–3 victory for the Patriots over the Rams, and the venue remains one of the most technologically advanced sports facilities in the world. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
exclusive

Fox Extends Erin Andrews, Charissa Thompson Contracts Ahead of NFL Season

Changes are coming at Fox, but Andrews and Thompson stay put.
Chelsea

Chelsea Club World Cup Run Banks at Least $100M for Mark Walter..

The Blues will likely take home between $100 million and $120 million.
Jul 1, 2025; Pittsburgh, Pennsylvania, USA; Pittsburgh Pirates starting pitcher Paul Skenes (30) pitches against the St. Louis Cardinals during the third inning at PNC Park.

MLB ASG Missing Many Highly Paid Stars, Clearing Path for Youth

Many of MLB’s top earners are not part of the Midsummer Classic.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”

Has the WNBA Outgrown the Matinee Madness of Camp Days?

Caitlin Clark will return from injury in a Wednesday noon game.
Breanna Stewart
July 8, 2025

WNBA Players Call League Proposal For Fixed Salary Cap Inadequate  

The league’s collective bargaining agreement expires in less than four months.
Jun 27, 2025; Dallas, TX, USA; Dallas Mavericks first overall pick Cooper Flagg speaks to the media during a press conference at the Dallas Mavericks Practice Facility.
July 8, 2025

Cooper Flagg–Bronny James Summer League Tickets Average $201

The average purchase price on resale platform TickPick is $201.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Nov 16, 2024; New York, NY, USA; President-elect Donald Trump speaks with Dana White (left) during UFC 309 at Madison Square Garden.
July 7, 2025

UFC Confirms Talks to Bring Fight to White House Grounds

Discussions are underway to bring a UFC event to the White House grounds.
Jul 2, 2025; Los Angeles, California, USA; Los Angeles Dodgers two-way player Shohei Ohtani (17) heads to the dugout prior to the first inning against the Chicago White Sox at Dodger Stadium.
July 4, 2025

MLB Changes Are ‘Showing Great Results’: Former CFO

Big stars playing in major markets “make a real difference.”
Michael Johnson
July 3, 2025

Grand Slam Track Still Owes Athletes $13 Million: Source

The new track league hasn’t paid athletes in full yet.
July 2, 2025

NHL to Rejoin Olympic Ice in Milan—and NBC Set to Cash In

NHL players last competed in the Olympics in 2014.