Mark Davis, the majority owner of the Las Vegas Raiders, has been advised on various matters by Tom Brady, who is steadily moving closer to realizing his dream of becoming a limited owner of the team. The NFL Network reported that Brady has overcome the final hurdles standing in his way and is expected to have his investment reviewed in early March when the league’s finance committee meets, with final approval anticipated at the NFL Annual League Meeting later that month.
The delay in Brady’s ownership bid revolved around the valuation of the Raiders. Brady and his group, including Tom Wagner of Knighthead Capital, needed to increase their financial commitment to align with the team’s proper valuation. This required adjusting the proposed investment amount due to concerns from some team owners.
Reports suggest that Brady intends to purchase a 10 percent stake in the Raiders, with his individual ownership estimated at seven percent. Despite ongoing ownership negotiations, Brady has been advising Davis on various matters such as the head coaching search and staffing under new head coach Antonio Pierce.
If approved, this potential ownership opportunity will mark the official end of Brady’s playing career as NFL rules prohibit players from holding an equity stake in franchises. This addition to Brady and Wagner’s existing portfolio of investments includes English soccer club Birmingham City, an auto-racing team and a Major League Pickleball franchise.