After 23 seasons as a quarterback and seven Super Bowl championships (six with the New England Patriots and one with the Tampa Bay Buccaneers), Tom Brady has started a new venture in the NFL: co-owner of the Las Vegas Raiders. Let’s move on to. Brady and his business partner Tom Wagner recently purchased a 10% stake in the football team for $220 million, at a valuation of $3.5 billion, according to CNBC Sports’ Mike Ozanian.
This week on Yahoo Finance Sports Report, host Joe Pompliano takes a look at Brady’s blockbuster trade and explains why it’s so unique compared to other minority buyouts of sports franchises.
One of the main reasons why Brady’s contract is unusual is that while most people who buy a minority stake in a team typically receive a 20% to 25% discount, Brady received a 50% discount. That’s what I was doing. There is another interesting aspect of Brady’s acquisition.
“Raiders owner Mark Davis has said he may not only help the team get a quarterback in the next draft, but also help develop the team,” Pompliano said.
Another interesting factor influencing all of this is Brady’s new role as a Fox Sports broadcaster who will be paid a $37.5 million annual salary to broadcast NFL games. How do I resolve this?
“His job will become even more difficult,” Pompliano said. “But he’s Tom Brady, so he’ll find a way around it.”
The Yahoo Finance Sports Report with Joe Pompliano, a Vodcast brought to you by Yahoo Finance and Yahoo Sports, goes beyond the latest sports business headlines to cover everything you need to know about teams, trades, billion-dollar deals, and more. Analyze the news. That way, your portfolio will win big.
Yahoo Finance Sports Report is developed and produced by Lauren Pokedoff.
