Posted on: October 16, 2024, 11:13h.
Final up to date on: October 16, 2024, 11:24h.
The NFL has a brand new staff proprietor, and he wants no introduction.
On Tuesday, NFL homeowners authorised Tom Brady’s acquisition of a 5% stake within the Las Vegas Raiders. The vendor is Mark Davis, the person chargeable for relocating the Silver and Black from Oakland to Sin Metropolis forward of the 2020 NFL season. Davis inherited the staff after his father, Al Davis, who died in 2011.
“It’s nice that Tom Brady desires to spend money on the NFL,” mentioned NFL Commissioner Roger Goodell on Tuesday on the Fall League Assembly in Atlanta. “He cares deeply about this recreation. He believes in its future, and I feel that’s only a sign of that.”
Phrases of the acquisition weren’t made public, although Forbes estimates the Raiders to be value round $6.7 billion. Meaning a 5% piece can be value round $335 million.
Throughout his Corridor of Fame profession, Brady earned greater than half of a billion {dollars} on the sector and extra off of it by way of sponsorships and investments. Since retiring for a second time in 2023, Brady is paid $37.5 million yearly by way of his 10-year cope with Fox Sports activities.
Possession Prevents Comeback
The Las Vegas Raiders haven’t precisely been embraced by Southern Nevada since relocating to the on line casino capital of the world. The staff skilled dropping seasons in 2022 and 2023, and Allegiant Stadium, the $1.9 billion complex Clark County wooed Davis with by offering $750 million in funding to the undertaking, has develop into a house away from dwelling for a lot of groups visiting Las Vegas.
In 2024, the Raiders are 2-4, with a type of wins coming towards the hopeless Cleveland Browns. Las Vegas’ dwelling attendance ranks twenty ninth among the many NFL’s 32 groups.
Earlier than the acquisition, many Raiders followers have been calling for Davis to discover whether or not Brady might be interested in popping out of retirement for a 3rd time to guide Las Vegas. Brady’s buying an possession place within the NFL franchise now bars that from taking place.
The seven-time Super Bowl champion appears content material with the present and subsequent chapters of his storybook life. Brady, born and raised in California’s San Mateo within the Bay Space, says buying a chunk of the Raiders brings his “soccer life and journey full circle.”
I’m extremely humbled and excited to have been unanimously authorised as an proprietor of the Las Vegas Raiders,” Brady mentioned. “All through my NFL profession, I’ve realized that at its core, soccer is a recreation of teamwork, resilience, and a relentless pursuit of excellence. The Raiders franchise, and the Metropolis of Las Vegas, embody these identical values, and I’m honored to develop into a part of that story.
Brady’s affection for the Raiders actually wasn’t felt on the gridiron throughout his taking part in days. Throughout his 23-year profession, Brady amassed a 6-1 file towards the Raiders, throwing for 12 touchdowns to just one interception.
Raiders Odds Lengthy
At 2-4 by way of week six of the NFL common season, the chances of the Raiders reaching the playoffs are lengthy.
At DraftKings, Las Vegas’ odds of taking part in greater than 17 video games through the 2024-25 NFL marketing campaign are at +1100 for implied odds of simply 8.3%. As for profitable the staff’s first Tremendous Bowl since 1983, the Raiders’ odds are at +35000 for implied odds of lower than 0.3%.
