Since retiring from active football, Tom Brady has made a big business move.
The former quarterback’s latest investment will see him own a minority stake in the Las Vegas Raiders after buying a similar stake in the Los Angeles Aces women’s franchise.
The deal is expected to be approved once the NFL activates the arrangement, making Brady the third former football player to own a stake in the franchise.
Read below for more details.
‘We’re Excited To Have Tom Join The Raiders’
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follow Fox Sports, Brady is set to own a minority stake in the American football team, the Las Vegas Raiders. The former NFL star has reportedly reached an agreement with the show’s contestants, pending approval from the league.
In a statement acknowledging the ongoing deal, controlling owner and managing general partner Mark Davis said the team is “thrilled” to have Brady become part of the family.
“We have reached an agreement for Tom Brady to be a partner in the Raiders, and we have submitted it to the NFL for approval,” he said. “We are excited to have Tom join the Raiders.”
Details of how much Brady will pay remain unknown. However, the former football quarterback will reportedly only have a “passive” involvement in the franchise, hinting that he won’t be involved in its day-to-day running.
Tom Brady Ready to Make History
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A final vote by franchise board members has yet to take place, as it appears they are waiting for the green light from the NFL.
All things being equal, the purchase would make Brady the third former player in league history to hold ownership in a franchise, a record previously shared by George Halas and Jerry Richardson.
He’ll also see plenty of familiar faces at the Raiders, with the team’s second-year head coach, Josh McDaniels, leading the list.
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Daniels served as Brady’s offensive coordinator during his tenure with the New England Patriots from 2006 to 2008 and 2012 to 2015.
Other former Patriots currently with the Raiders include general manager Dave Ziegler, quarterbacks Jimmy Garoppolo and Brian Hoyer, wide receiver Chandler Jones, running back Brandon Bolden, fullback Jakob Johnson, and wide receivers Jakobi Meyers and Phillip Dorsett.
Tom Brady Owns Minority Stake In Las Vegas Aces
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Earlier this year, it was announced that Brady had also acquired an ownership stake in the WNBA’s Las Vegas Aces, a franchise that Davis also owns.
“I am very excited to be a part of the Las Vegas Aces organization,” Brady said at the time in a statement, per CNN.
The seven-time Super Bowl winner also noted that he has always been a “huge fan of women’s sports” before praising the work being done at the Aces.
She added, “I admire the work that the players, staff, and WNBA Aces continue to do to grow the sport and empower the next generation of athletes. Being able to contribute in any way to that mission as a member of the Aces organization is a tremendous honor.”
The former NFL star went on to say his sister inspired his love of women’s sports, describing them as “by far the best athletes in our house!”
Tom Brady’s Multi-Million Dollar Deal With Fox
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Since retiring from active football, Brady has moved on the business side, landing big deals, including a 10-year, $375 million contract to broadcast NFL games with Fox.
Due to begin in 2024, the deal reportedly will not affect the purchase of his minority stake in the Las Vegas Raiders, as the network has no doubts about Brady’s involvement with the franchise, per ESPN.
Brady is also clear about the NFL’s policy on whether there is a conflict of interest. The rules say a person can own a club or be a part owner unless they are an actor in a media company and may affect negotiations for broadcasting rights.
Under the arrangement, Brady will take over as Fox’s top game analyst and act as an ambassador for client and marketing campaigns.
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Source: thtrangdai.edu.vn/en/
