Tom Brady, who took a $375 million broadcast job, will be approved as Raiders’ minority owner soon

Retired NFL quarterback Tom Brady is close to becoming the part owner of Mark Davis's franchise, the Las Vegas Raiders along with the WNBA side Aces.

Tom Brady, who took a $375 million broadcast job, will be approved as Raiders’ minority owner soon

Tom Brady close to becoming owner of Las Vegas Raiders (Image via IMAGO)

Tom Brady’s desire to become the Las Vegas Raiders’ owner may soon come to fruition. According to sources, the NFL owners are expected to give their approval during the league’s fall meeting in Atlanta.

Brady initiated buying a small stake in the Raiders in May last year, which only required the approval of 24 owners out of 32 NFL franchises. However, the 46-year-old saw his deal stuck in a legal battle as the owners saw a conflict of interest.

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Before retiring in February of the same year, Brady had signed a 10-year, $375 million broadcast deal with FOX Network to work as a color analyst for their sports channel. Several owners cited that the former NFL quarterback can’t be part of both.

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It took more than one year for the dilemma to see a resolution. The deal already received unanimous approval from the finance committee, and according to ESPN’s Adam Schefter, usually, owners don’t go against the committee’s wishes.

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Tom Brady will partly own the Las Vegas Raiders along with his other investments

After the bid gets approved by the owners, Brady will own a 10% share in the Raiders along with businessman Tom Wagner, from owner Mark Davis. By doing so, he will become only the third player in football history to become owner of a team after George Halas (Chicago Bears) and Jerry Richardson (Carolina Panthers).

Tom Brady, who took a $300 million broadcast job, will be approved as Raiders' minority owner soon
Tom Brady (Image via IMAGO)

Besides ownership of the Vegas franchise and his FOX gig, Tom Brady has invested in several different ventures in the last few years. Some have looked promising, while a few deflated very quickly.

The 7x Super Bowl winner established his own sportswear company named Brady Brand (2021) after launching his acclaimed TB12 (2013) wellness venture that provides dietary advice and even supplements for athletes and people in general.

Brady also set up ‘Autograph’ a fan engagement brand during the height of the NFT boom, distributing collections with a number of marquee athletes such as Justin Herbert, Sabrina Ionescu, and Tony Hawk. Unfortunately, the company faced a major downfall after the collapse of the crypto market.

In 2016, he founded the TV production house Religion of Sports with former Giants player Michael Strahan. Brady also has shares in the WNBA team Las Vegas Aces, the Major League Pickleball side Las Vegas Night Owls, and English Soccer League side Birmingham City FC.

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The Raiders deal will make Brady part of an elite group of former players owning American sports teams. NBA Hall of Famer Michael Jordan is one of the owners of the Charlotte Hornets/Bobcats. Magic Johnson bought shares in MLB side LA Dodgers and the NFL’s Washington Commanders, while F1 legend Lewis Hamilton has a stake in the Denver Broncos.