NFL Legend Tom Brady is known for his business ventures, whether through sponsorships or investments in growing opportunities. Recently, Brady acquired a minority stake in the Las Vegas Raiders for a reported $6.2 Billion. He has navigated the final hurdles on his path to becoming an owner. Brady enjoyed a successful career with the New England Patriots, winning 6 Super Bowls and 1 with the Tampa Bay Buccaneers. Carrying such an everlasting legacy, Brady parallels the hype Michael Jordan enjoyed after retirement from Basketball.
This move makes excellent sense for Brady because it has been strategically planned to benefit his expenses. His group intends to acquire a 10% stake, with Brady owning 7% (worth over $400 million). This adjustment also prompted concerns from some owners. They highlighted how Brady’s initial investment did not justify the franchise’s current value.
Tom Brady’s business ventures
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Tom Brady’s business portfolio spans more than NFL sponsorships and advertisements. The 46-year-old has ventured into investments that span diverse domains like English soccer, auto-racing, even Major League Pickleball, and now, the WNBA. Brady and Wagner have partnered to improve the situation at Birmingham City Football Club, creating excitement amongst their massive fanbase.
According to @RapSheet and @TomPelissero Tom Brady is set to become a part owner of the Las Vegas Raiders
Brady’s group which includes Tom Wagner is looking to buy a little over 10% of Raiders, Tom Brady will received 7% of that investment (which is worth over $400 million). pic.twitter.com/5CsOjN6qTL
— Tom Brady Updates 🐐 (@tombradymedia) February 11, 2024
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Brady acquired a minority stake in the WNBA’s Las Vegas Aces, further enhancing his broad portfolio. The league’s owners swiftly approved Brady’s ownership, showcasing his vast influence across multiple sports.
This journey from a football legend to a Sports Mogul underlines his enduring aim to continue to be an icon for the NFL. Brady is edging closer to assuming ownership of the Raiders. This will massively shape the landscape of the franchise both on and off the field. He has also been involved with the franchise’s internal decisions. These decisions include advising majority owner Mark Davis on the recent head coach search and staff appointments under new coach Antonio Pierce.
Read Also: Here’s Why Tom Brady BetMGM Commercial Cost $50 Million for 3 Weeks Super Bowl Ad Campaign.
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Tom Wagner, the co-founder of Knighthead Capital, is Brady’s accomplice. According to Tom Pelissero and Ian Rapoport, they are set to undergo the review assessed by the league’s financial committee. The final decision is expected to come to New York around March 4 and 5. Hence, the final seal of approval is anticipated to come during the NFL Annual League Meeting scheduled from March 24 to 27.
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