JOURNAL ARTICLE

Tom Brady Approved by NFL to Buy Stake in Las Vegas Raiders.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

NFL owners have approved Tom Brady and Knighthead Capital Management co-founder Tom Wagner to purchase a 10% stake in the Las Vegas Raiders after months of negotiations. Brady, a former star quarterback, has amassed significant wealth from his football career and broadcasting deals. The league has placed strict restrictions on Brady as the only broadcaster who is also a part owner of an NFL club. Other NFL players may also be interested in owning minority stakes in clubs, but the league currently prohibits this practice. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/10, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:180305593
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