Tom Brady is on the brink of becoming a limited owner of the Las Vegas Raiders. NFL Network reported that the final hurdles have been cleared for Brady’s investment. 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 Raiders, so the number needed to be raised.
Brady is expected to purchase 10 percent of the Raiders, with himself owning seven percent. In addition, he has been advising majority owner Mark Davis on team transactions and filling out staff under new head coach Antonio Pierce. Brady and Tom Wagner, co-founder of Knighthead Capital, have also teamed up on deals for other sports investments.
If Brady gains approval for his ownership, it will mark the official end of his playing career in the NFL as players are not allowed to have an equity stake in franchises.