Does Tom Brady own the Raiders? Explaining the status of NFL bid for Las Vegas minority ownership

Does Tom Brady own the Raiders? Explaining the status of NFL bid for Las Vegas minority ownership

When NFL players retire, there are a number of different avenues that can be explored to stay in the game of football. Some join club staffs as a coach, others make the leap into the media to cover the sport.

There are very few that immediately look to become an owner of a team. Then again, there is only one Tom Brady.

The former Patriots and Buccaneers legend has been vocal about wanting to own a portion of an NFL club. First, before Brady officially retired, there were talks about him purchasing a minority stake in the Dolphins and becoming a player-owner, but that deal was nixed before it got any headway.

Now, the focus for the seven-time Super Bowl champion is on the Raiders. There have been reports for months about a deal between Brady and Las Vegas owner Mark Davis, however, nothing has been finalized yet.

MORE: Why Tom Brady’s baseball career with Montreal Expos is back in the spotlight

So what is the latest on Brady’s venture into becoming a part owner of the Raiders? The Sporting News has fans covered:

Does Tom Brady own the Raiders?

As of now, Brady does not own any part of the Raiders.

While there have been reports about the future Hall of Famer acquiring a minority stake in the team, that process has since been delayed. So while Brady may very well be on his way to owning a portion of the organization, it has yet to be finalized.

Who owns the Raiders?

Mark Davis remains the principal owner of the Raiders.

  Stephen Hawking

The 68-year-old, along with his mother, Carol, inherited the team after his father, Al Davis, died in 2011. The two reportedly own a 47% share of the Raiders through, A. D. Football, Inc., the company of Davis’ father.

Tom Brady Raiders ownership updates

In May of 2023, ESPN’s Adam Schefter and Seth Wickersham reported that Brady was in “deep discussions” to become a limited partner with the Raiders.

The seven-time Super Bowl champ retired — again — in February and was looking to make the jump to being a minority owner. Brady already had made a financial connection with Davis when he purchased a stake in the WNBA’s Las Vegas Aces, another team that is primarily owned by Davis.

However, the Raiders deal has yet to be approved. The NFL needs to receive three-fourths majority vote from the league’s owners in order complete the transaction, and that has yet to happen.

In October, the Washington Post reported that the deal was being stalled due to an alleged discount price that Brady was going to be receiving from Davis. According to the report, a new deal may have to be structured in order for other owners to get on board.

Colts owner Jim Irsay discussed the ongoing deal in October after one of the owners’ meetings.

“We’re trying to work it through,” Irsay said in an interview with The Boston Globe. “The number just has to be a reasonable number for purchase price from Tom, is the only thing. If reasonable value says … that 10 percent should be $525 million, you can’t pay $175 million.”

  Is Tom Brady The GOATiest Of All The GOATs?

According to Irsay, Brady was looking to buy 10 percent of the team for $175 million. That price comes in at 10 percent of $1.75 billion, which is far less than what the Raiders are worth. Forbes recently estimated that Las Vegas was valued at roughly $6.2 billion.

MORE: Why did Tom Brady retire?

The Washington Post’s Mark Maske reported on Dec. 8 that the proposed deal between Brady and Davis was not expected to be a topic of discussion during the owners’ Dec. 13 meeting in Dallas, however, the deal is reportedly “definitely not dead.”

“Tom Brady’s proposed deal with Mark Davis to purchase a minority ownership stake in the Raiders is currently not expected to be put to an approval vote of NFL owners at their meeting next week in Dallas, source says. But the deal is ‘definitely not dead,’ another source says.

“The NFL finance committee has had concerns about some aspects of Tom Brady’s proposed deal to become a part-owner of the Raiders, including the amount of the discount being given to Brady. But the committee has left open the possibility of an acceptable deal being worked out.”

Tom Brady net worth

According to Celebrity Net Worth, Brady has a net worth of $300 million.

During his time in the NFL, Brady made $332,962,392 over 23 seasons as a pro, according to Spotrac.

MORE: How Tom Brady nearly chose a baseball career

In May 2023, Forbes released the list of the world’s highest-paid athletes, and sure enough, the former NFL quarterback made the cut — but, just barely. Brady ranked 50th on the list for his total earnings, which amounted to $45.2 million throughout the year.

  Life/Story of Imam Muslim, writer of Sahih Muslim.