NFL legend Tom Brady in Deep Discussions for Limited Partnership with Raiders Owner Mark Davis
Author: Deborah Ross / 2023-05-12 15:45:10NFL legend Tom Brady is reportedly in discussions to become a limited partner of the Las Vegas Raiders, according to sources from ESPN’s Seth Wickersham. This potential partnership would mark Brady's second venture with Raiders owner Mark Davis into professional sports ownership in less than two months.
Sources suggest that negotiations between Brady and Davis have been ongoing for several weeks, although the discussion is sensitive and still fluid. It's expected that Brady's investment would be «passive,» without any operational control or authority over the club in business or football matters.
Approval from at least 24 current team owners would be required if Brady and Davis come to an agreement, which is the norm for minority and majority owners. Brady's star power and business acumen, combined with his frequent visits to Las Vegas, could help the club realize its financial potential in the city it moved to in 2020.
Despite his potential involvement with the Raiders, Brady's 10-year, $375-million contract with Fox is expected to remain unaffected. Sources indicate that Fox has blessed the arrangement, and league policy regarding team ownership and media employment only comes into play if the owner holds a position of authority at the media company.
Although Brady has previously shown interest in owning a minority stake in an NFL franchise, his involvement with the Raiders could be his first foray into the world of professional sports ownership. The Raiders have attempted to emulate the success that Brady brought to the New England Patriots, with former Patriots staff and players joining their ranks.
Brady retired from the NFL at the age of 45 after the 2022 season, but he is not expected to try to play for the Raiders even if he wanted to. Owners would have to approve his dual-role, and his involvement is expected to be limited to his investment as a partner. If approved, Brady would become the highest-profile former NFL player to own a limited share in an NFL franchise.
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