Overview
- Tom Brady's group, including Knighthead Capital co-founder Tom Wagner, aims to acquire a 10% stake in the Las Vegas Raiders, with Brady owning 7%.
- The original deal, announced last May, faced resistance from NFL owners due to concerns over a valuation 70% below market value.
- Following feedback, the valuation of Brady's deal was increased to align with the Raiders' valuation in a recent unrelated transaction.
- Brady's investment remains under review by the NFL, requiring approval from at least 24 of the 32 team owners.
- If approved, Brady would become one of the few individuals to transition from playing in the NFL to joining its ownership ranks.