Last week, retired NFL quarterback Tom Brady purchased a small ownership stake in the NFL’s Las Vegas Raiders.
This came after the seven-time Super Bowl champion purchased a minority ownership stake in the WNBA’s Las Vegas Aces. Both the Raiders and Aces are owned by Mark Davis.
Mike Florio of Pro Football Talk shared some interesting notes regarding Brady’s decision to purchase a minor ownership stake in the historic NFL franchise:
“Per a source with general knowledge of the situation, Brady is believed to be buying something more than a ceremonial sliver of the Raiders..
It’s unclear why Raiders owner Mark Davis is selling any of the team to Brady. Usually, the controlling owner of an NFL team sells some equity to generate revenue. For most owners, there’s a strong preference to hold the equity for as long as possible, given that it constantly appreciates.
That’s why Brady would buy it. Having a piece of the Raiders makes a lot more sense than, for example, plunking cash into FTX.
Especially now.
So either Davis wants to take a little cash off the table, or he wants to be in business with Brady. Already, Brady has purchased a piece of the Las Vegas Aces, primarily owned by Davis.
Once Brady’s purchase of a portion of the Raiders is approved, he can always acquire more. If he ever hopes to succeed Davis, however, Brady will need to make a lot more money than he has.”
The percentage of the stake Brady purchased is unclear, nor is the price he paid.
The 45-year-old Brady announced his retirement for a second time on Feb. 1, less than a month after his Tampa Bay Buccaneers were eliminated by the Dallas Cowboys on Super Wild Card Weekend.
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Last year, it was announced that Brady and FOX Sports agreed to a massive 10-year contract worth $375 million. Brady will eventually work on the network’s No. 1 commentary team with play-by-play voice Kevin Burkhardt and sideline reporter Erin Andrews. Former NFL tight end Greg Olsen currently serves as the analyst on FOX’s top team.
The 15-time Pro Bowler announced his initial retirement on Feb. 1 of last year, only to announce 40 days later that he was coming back for a 23rd season. Brady led the Bucs to a second straight NFC South division title, completing 66.8 percent of his pass attempts for 4,694 yards and 25 touchdowns against nine interceptions.
