Tom Brady officially became a limited partner of the Las Vegas Raiders in 2024, marking his formal entry into NFL ownership. The decision voted on during the NFL owners’ league meeting, capped months of speculation about Brady’s involvement with the Raiders.
The deal, which was complicated by his role as a Fox Sports broadcaster, will see Brady take a 5 percent ownership stake in the Raiders for an estimated $300 million.
Here at the NFL’s Fall Meeting, and one of the last agenda items is the sale of a piece of the @Raiders—Roughly 5% going to @TomBrady, 5% to Brady’s business partner Tom Wagner, and 0.5% going to Brady’s ex-teammate Richard Seymour, I’m told.
Vote should happen late afternoon.
— Albert Breer (@AlbertBreer) October 15, 2024
Brady’s new role, though limited in ownership, will reportedly allow him significant input into personnel decisions for the Raiders moving forward. The deal concludes a lengthy process that began in 2023 when Raiders owner Mark Davis initially attempted to sell Brady a larger, 10% stake at a discounted rate. This offer sparked controversy among NFL owners due to concerns it would devalue franchises across the league. In the end, Brady secured his ownership share at market value, avoiding a more substantial conflict.
Brady’s officially done with playing
This approval also means the end of speculation about Brady’s potential return to the field. Persistent rumors had swirled about Brady coming out of retirement, possibly for teams like the Miami Dolphins, but his involvement in ownership now puts those rumors to rest. NFL rules prohibit players from holding team equity, ensuring that Brady’s playing days are officially behind him.
Tom Brady has ownership stakes in:
🏀 Las Vegas Aces
🏈 Las Vegas Raiders
⚽️ Birmingham City F.C.
🦉 Las Vegas Night Owls
🚤 Team Brady E1 Racing@TomBrady on how his time as an athlete shaped his role as an owner: “A lot of the values are the same.”Presented by @Atlassian pic.twitter.com/H1NrUeF1DG
— Front Office Sports Today (@FOS_Today) July 28, 2025
In addition to his stake in the Raiders, Brady holds an ownership interest in the Las Vegas Aces, the WNBA team that Mark Davis owns. The deep ties between Davis and Brady raise questions about how involved Brady will become in shaping the future of the Raiders’ football operations.
Mark Davis, who took over ownership of the Raiders in 2011, has been open about delegating football decisions to others. This has been a pattern since the days of former Raiders head coach Jon Gruden and general manager Mike Mayock, who both held significant decision-making power during their tenures. With Davis now relying on Brady, the former quarterback is expected to wield substantial influence over the team’s future hires and roster moves.
Who are his business partners?
It’s unclear what Brady is paying for his share of the Raiders, but it could be more than $300 million.
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According to Forbes, the Raiders are currently valued at $6.7 billion. Sports Illustrated reported that Tom Brady is buying 5% of the team, which would make the value of his share $335 million. In total, team owner Mark Davis is selling 10.5% of the team. Tom Wagner, Brady’s business partner, is purchasing an additional 5% on top of Brady’s 5%, and former Patriots star Richard Seymour is buying 0.5% of the team.
In his announcement tweet, Brady also mentioned that he partnered with Don Yee, an American lawyer and sports agent, who is a partner at Yee & Dubin. He also mentioned Jim Gray, the Hall of Fame and Emmy Award-winning broadcaster, and Alex Spiro, an American attorney who is a partner at the New York office of Quinn Emanuel Urquhart & Sullivan, and businessman Larry Delson.
