Tom Brady, the celebrated NFL quarterback, is setting the stage for his next career moves with two significant ventures: a high-profile broadcasting job with FOX and a potential ownership stake in the Las Vegas Raiders. However, this ambitious transition is facing substantial hurdles, with insider reports suggesting that his dual roles could spark controversy among NFL team owners.
Tom Brady’s $375,000,000 FOX Deal
In September, Tom Brady will commence his broadcasting career with FOX, a lucrative role reportedly worth $375 million. This new chapter aims to leverage his deep understanding of the game and charismatic presence to enrich NFL game broadcasts. However, this isn’t the only major career move on Brady’s horizon.
The Las Vegas Raiders Ownership Bid, A $6,200,000,000 Valuation
The Las Vegas Raiders, valued at $6.2 billion by Forbes last year, could see Brady stepping in as a part-owner. NFL Network’s Tom Pelissero highlighted the complexity of this endeavor during his appearance on The Rich Eisen Show, noting significant opposition from other NFL teams.
“I would say there are some teams, I’ve talked to that are vehemently opposed to Tom Brady, being an equity partner, being a part-owner of a team, and broadcasting games. They simply don’t want to have it,” Pelissero explained.
Conflict of Interest Concerns Rise
The potential conflict of interest is at the heart of the opposition. Teams are wary of allowing an active broadcaster, who also owns a stake in a competing franchise, access to production meetings and other insider information. Pelissero elaborated on this point, saying: “They’re not going to let him into production meetings.
They don’t want somebody on, talking about their team who’s an owner of another team. There are some teams that have taken a real hard line saying ‘we are not going to vote for this no matter what.'”
NFL Owners to Discuss Investments
The NFL team owners will convene in Nashville for a critical league meeting, where they are expected to vote on various matters, including the potential investment of private equity firms in NFL teams. However, according to Mark Maske of The Washington Post, it is “doubtful” that a vote on Brady’s ownership will take place during this meeting.
Tom Brady’s Las Vegas Raiders Ownership Vote Pending
For Tom Brady to secure his part-ownership of the Las Vegas Raiders, he will need the approval of at least 24 of the 32 NFL team owners. This vote is essential for Brady to overcome the current opposition and move forward with his investment in the team.
Tom Brady’s Stake in the Las Vegas Raiders
In October, Mike Florio of Pro Football Talk reported that Brady was eyeing a 5-10% share of the Raiders. This potential stake, valued at $175 million for a 10% share, has raised some eyebrows regarding the valuation and investment terms. Indianapolis Colts owner Jim Irsay emphasized the need for the investment to reflect a “reasonable number for the purchase price.”
Tom Brady’s Ownership Bid Raises Interest
In February 2024, Sportico reported that Brady’s ownership group was pursuing a 10% stake in the franchise. Knighthead Capital co-founder Tom Wagner is also part of this ownership group, with Brady poised to receive a 7% share from the total stake.
As Tom Brady navigates these dual roles, the NFL community remains on edge, watching closely to see if the legendary quarterback can successfully transition into his new role without disrupting the league’s intricate dynamics.
