Tom Brady Joins the Las Vegas Raiders as Minority Owner
In a groundbreaking move that has sent ripples through the NFL community, future Hall of Fame quarterback Tom Brady has officially been approved as a minority owner of the Las Vegas Raiders. The NFL’s decision, made during a league meeting on Tuesday, required the backing of at least 24 out of the 32 team owners, a threshold that Brady successfully met. With this approval, the legendary quarterback now holds approximately a 5% stake in the franchise, marking a significant transition from player to owner.
Brady’s Sentiments on Ownership
Expressing his excitement and gratitude, Brady stated, "I am humbled and excited to join the Raiders ownership team." His connection to football runs deep, having grown up in the Bay Area, where the sport played a pivotal role in shaping his life. "Football has been part of my entire life," he reflected, emphasizing how his journey has come full circle. Brady’s love for the game, his teammates, coaches, and fans is palpable, as he recognizes the unique ability of sports to unite people. "I grew up on the field, and it’s a blessing to know I’ll be involved in the greatest league in the world for the rest of my life," he added, highlighting his enduring passion for the sport.
The Journey to Ownership
Brady’s pursuit of a minority ownership stake in the Raiders began in May 2023, but the path was not without its challenges. The deal faced scrutiny from some NFL owners who were concerned that Brady had been offered a discounted price for his stake. Despite these hurdles, Brady’s determination and the eventual approval from the league underscore his commitment to remaining a vital part of the NFL landscape.
A Historic Milestone
With this acquisition, Brady joins an exclusive club, becoming just the third former player to own an NFL team. This milestone is particularly noteworthy, as it reflects the evolving landscape of NFL ownership, where former players are increasingly taking on roles beyond the field. Additionally, Brady’s involvement with the Raiders is complemented by his minority stake in the WNBA’s Las Vegas Aces, a team also owned by Raiders owner Mark Davis. This dual ownership illustrates Brady’s growing influence in the sports world, extending beyond the gridiron.
The Financial Landscape of the Raiders
The Raiders organization is currently valued at an impressive $6.7 billion, according to a 2024 Forbes valuation, making it the seventh-most valuable franchise in the NFL. This valuation marks a significant increase from four years ago when the team relocated from Oakland, California, to Las Vegas, at which time Forbes estimated the Raiders’ worth at $2.9 billion, ranking them twelfth among NFL teams. The financial growth of the franchise reflects not only its successful relocation but also the burgeoning popularity of the NFL in Las Vegas.
Brady’s Continued Involvement in Football
Since retiring from professional football last year, Brady has taken proactive steps to remain engaged with the league. This season, he made his broadcast debut after signing a lucrative 10-year contract with Fox Sports to serve as the network’s lead NFL analyst. This move into broadcasting allows Brady to share his extensive knowledge of the game while staying connected to the sport he loves.
The Future of the Raiders and Brady’s Role
As Brady steps into his new role as a minority owner, the Raiders are poised for an exciting future. His experience, leadership, and deep understanding of the game will undoubtedly influence the franchise’s direction. With Brady’s involvement, fans and analysts alike will be watching closely to see how his presence impacts the team’s culture and performance in the coming years.
Brady’s transition from player to owner is not just a personal achievement; it represents a broader trend in the NFL where former athletes are taking on influential roles within the organizations they once played for. As the Raiders continue to build their legacy in Las Vegas, Brady’s contributions as an owner will be a fascinating chapter in the team’s history.