Key Points :
- The Forbes list has Tom Brady’s terrible thumb in the autumn. NFL owners have vended Tom Brady a 5% stake in the Los Angeles Raiders. The concept allows him to become a minority owner of the team and join Tom Wagner as a participant.
- It was a controversial agreement that was in the process of being completed for over a year due to reasons of offering Brady a cheap price and also his new ambitions in Fox Sports Network broadcasting.
- Apart from being a part of the Raiders, Brady is also a part of the ownership group of the WNBA’s Las Vegas Aces, further reinforcing his foothold in the Las Vegas sports arena.
The National Football League team owners have officially approved Tom Brady as a minority owner of the Las Vegas Raiders, thus achieving new goals in his post-playing activities.
Tom Brady and his business associate Tom Wagner, co-founder of Knighthead Capital, purchased 10% of the Raiders with Brady contributing personally 5% of the franchise. This does not represent the acquisition of the controlling likeness corruptor because the estimated price of about $220 million relates to $3.5 billion valued team.
As it was further revealed the 32 NFL owners who flew to Sarasota Florida for spring league owners meeting found out that this investment was the general consensus of all the team owners when the issue was discussed. Brady added that he could not wait for the announcement which was made and promised the fans that he would work hard to ensure that the Raiders brand grows further.
This goes after already a few months of kitchens’ negotiation, which started in May last year. The combination received pushback in terms of the franchise’s pricing, as many owners were adamant that Brady was afforded too benevolent a price. Nevertheless, both Brady and Wagner have restructured their bid in compliance with the league’s expectations.
Besides the Raiders, he is also a minority owner of WNBA’s Las Vegas Aces. His stake in several sports franchises emphasizes on his growing investment portfolio and his interest in the Las Vegas sports market.
Because it has a broadcasting contract with Fox sports, Brady’s new role as Owner appears limited in various aspects as well.
