After retiring from the Tampa Bay Buccaneers a second time, Tom Brady began adding to his investment portfolio. He made a handful of big business moves, and one of those saw him become an owner of sports franchises in Las Vegas. One of those was the Aces, who won back-to-back championships in the WNBA the last two seasons, with the other being the Las Vegas Raiders.
There was a hold-up in Brady's purchase of stake in the Raiders, though, as there was resistance from other NFL owners who claimed the valuation of the deal was off. The deal would give Brady's ownership group around ten percent of the Raiders, with Brady getting seven percent of that.
With other owners believing the deal's value was under-market value, Brady and the Raiders had to revise their deal based on feedback from the NFL before getting approval from other NFL owners.
"In the last few months, the valuation on Brady’s deal was raised to mirror the Raiders’ valuation in an unrelated transaction from earlier in 2023, one source said," Sportico reported. "League staffers, lawyers and financial advisors continue to perform diligence on the Brady group’s agreement, and there is no set timetable for resolution, which would still require ownership approval."
On top of acquiring a stake in the two Las Vegas franchises, Brady continues to be active in the sports scene. Next season, he's set to join the broadcast booth, calling NFL games, which is another wrinkle to a deal for Brady to become an owner of an NFL team.
Still, the deal is pending, and there seems to be plenty to continue to work through as owners want Brady to pay fair value for his ten percent stake in the franchise. Again, the price of the sale remains the biggest red flag of the transaction.