Tom Brady is on the verge of becoming a limited owner of the Las Vegas Raiders. The NFL Network reported that the final hurdles have been cleared for Brady’s investment, and it is expected to be reviewed by the league’s finance committee by March 4 or 5. If approved, this will mark the official end of his playing career in the NFL, as players are not allowed to have an equity stake in franchises.
The delay in the process was due to Brady and his group needing to increase their financial commitment to reflect the proper valuation of the Raiders. Some owners felt that Brady’s proposed investment didn’t match the current value of the team, so the number needed to be raised.
In addition to owning seven percent of the Raiders, Brady has also been advising majority owner Mark Davis on team transactions and filling out the staff under new head coach Antonio Pierce. In recent years, he has also teamed up with Tom Wagner, co-founder of Knighthead Capital, on deals for other sports investments.
Brady’s investment in football has taken a new turn as he moves towards becoming a limited owner of a franchise. This move will not only give him more control over his future but also help him build a legacy beyond his time on the field.