Las Vegas Raiders owner Mark Davis He told ESPN. On Monday, future Hall of Fame running back Tom Brady “has reached an agreement” pending NFL approval to join the organization’s ownership group. Sports Illustrated also confirmed Brady’s minority stake. Here’s what you need to know:
- Davis is looking for a limited partner and was talking to Magic Johnson a year ago. Johnson wound up being part of the Chiefs’ new ownership group.
- Brady previously bought ownership stakes in the WNBA’s Las Vegas Aces and the pickleball expansion team in MLP. Davis is the principal owner of the Aces.
- Brady, 45, retired in February following a historic 23-year career that included seven Super Bowls.
The athleticsQuick analysis:
What does this mean for Brady’s broadcasting future?
Sports television entities have long said that their broadcasters cannot have any ownership stake in a team. Often the question comes down to optics: Is your broadcaster comfortable calling games or discussing the team? Usually the answer is yes.
In Brady’s case, as ESPN first reported, Fox gave its blessing to the source-based arrangement. Tracks history with all networks. For example, if you’re a tennis fan, you’ve long watched broadcasters analyze matches while actively coaching other players on tour. Brady, if he lands in the broadcasting booth in 2024, will be Fox Sports’ highest-paid and most popular front-line employee. The company will not disclose this due to an obvious conflict of interest.
My rule of thumb, and you don’t have to follow it, is this: If someone has a stake in something, you should be careful not what they say, but what they don’t say. If Brady is done with the Raiders piece, I’ll pass on everything he says about the franchise outside of game analysis. But as for Fox, there’s no chance. – German
Davis, Brady strengthen their relationship
Davis and Brady’s business relationship began last May when the former NFL quarterback attended an Aces game. The two engaged in discussions that eventually led to Brady purchasing a partial ownership stake in the Aces in March.
“I think he’s very impressed with how far women’s basketball has come,” Davis said. The athletics In March. “And he was amazed by the excitement and enthusiasm of the crowd in Las Vegas. He knew I was in, and I think he felt like he wanted to be a part of it. So, his people talked to me, and we talked about it, and he became a partner of the world champion Las Vegas Aces.
That eventually turned into Brady also pursuing a minority ownership stake in the Raiders. Davis was open to considering selling a piece of the franchise when Johnson expressed interest in ownership last October, but the deal didn’t come together and the NBA Hall of Fame point guard ended up buying a stake in the Chiefs in April instead. . Rather than shelve the idea entirely, he agreed to talk to Brady, with whom he’s developed a strong relationship in recent months, and that’s the end of it.
This is a surprising turn of events considering that Brady has been linked to the Raiders frequently this offseason as a potential replacement for Derek Carr. Brady avoided that opportunity when he chose to retire, but he became a Raider after all. – Reed
Along with the Aces and a future pickleball team, Brady has been in contact with NFL ownership in the past. In the year In 2022, after his initial retirement, there were several reports that Brady was in talks with the Miami Dolphins to become a minority owner.
The Dolphins were still under contract with the Buccaneers and were later sanctioned by the NFL for this impermissible contact with Brady. Miami was forced to give up a first-round pick in the 2023 NFL Draft and a third-round pick in the 2024 NFL Draft.
Shortly after his retirement, Brady reportedly signed a 10-year, $375 million deal to join Fox as a broadcaster.
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(Photo: Ethan Miller / Getty Images)