During his 23-year playing career, former NFL quarterback Tom Brady figuratively “owned” the Oakland/Las Vegas Raiders with his 6-1 record against them. Now, Brady literally owns the Raiders.
Well, he owns a significant stake in the team, anyway.
Last October, Brady and a business partner, financier Tom Wagner, bought a 10% stake in the Raiders. Brady owns half of that stake – so a 5% minority ownership of the team – and Wagner owns the other half.
Brady initially established his business partnership with Raiders owner Mark Davis when he bought a minority stake in the other team Davis owns, the WNBA’s Las Vegas Aces, in March 2023. Months later, Brady and Davis reached an agreement to allow the former quarterback and Wagner to purchase their Raiders stake.
In October 2024, NFL owners unanimously approved Brady’s partial ownership purchase.
Fearing fallout from a potential conflict of interest between Brady’s new job as a broadcaster for Fox Sports and his minority ownership in the Raiders, the NFL imposed some restrictions on the former quarterback’s broadcasting career.
The “Brady Rules” included prohibiting the future Hall of Fame quarterback from criticizing referees and other teams, as well as banning him from pre-game production meetings with coaches and teams.
Ahead of the 2025 season, the NFL rolled back Brady’s ban from production meetings, which will now be allowed to take place on Zoom. Brady is still prohibited from visiting other teams’ practice facilities.
Does Tom Brady own the Raiders?
Brady owns a 5% minority stake in the Raiders as of October 2024.
His purchase of the stake from principal owner Mark Davis required approval from three-quarters of NFL team owners – 24 of 32. The owners voted unanimously to approve the deal last fall.
This article originally appeared on USA TODAY: Does Tom Brady own the Raiders? Former NFL QB has minority stake
