Tom Brady spent twenty-three years tearing the AFC West apart, so it’s kinda funny that he ended up buying a piece of it. People have been asking how much of the Raiders does Brady own since the rumors first leaked in 2023. It wasn't a quick process. In fact, it was a total slog of league meetings, "flip taxes," and billionaire owners bickering over whether Tom was getting too good of a deal from Mark Davis.
The short answer? Tom Brady owns exactly 5% of the Las Vegas Raiders.
But honestly, that 5% number doesn't tell the whole story. If you look at the paperwork, he’s part of a larger 10% buy-in with his business partner Tom Wagner, the guy who co-founded Knighthead Capital Management. They basically split that ten percent down the middle. Even though 5% sounds like a "small" slice for the greatest quarterback ever, it’s a massive power move in the world of NFL ownership. It also came with a mountain of restrictions that would make most people’s heads spin.
The Long Road to Approval
This deal took forever. Mark Davis and Brady first shook hands on this back in May 2023, but the other NFL owners weren't having it initially. Why? Because Mark Davis was essentially giving Brady a "friend discount."
Owners like Jim Irsay of the Colts were pretty vocal about it. They didn't want the valuation of their own teams to drop because one owner decided to sell a stake at a bargain price. Eventually, the price was adjusted. Brady and Wagner reportedly bought into the team at a $3.5 billion valuation. While that sounds like a lot of cash, Forbes had the Raiders valued closer to $6.7 billion around that time.
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To make the other 31 owners happy, Brady and Wagner also had to cough up a 10% "flip tax." This is a specific fee the NFL charges when a team that recently relocated (like the Raiders did from Oakland to Vegas) sells a piece of the pie. That money didn't go to Mark Davis; it got divvied up among the other owners. Basically, Brady had to pay the league just for the "privilege" of joining the club.
What Exactly Does 5% Get You?
In most businesses, 5% makes you a "limited partner." You get the invite to the Christmas party, but you aren't making the big calls. With Brady, though, things are different because, well, he’s Tom Brady.
Personnel and Coaching
We’ve already seen his fingerprints on the organization. When the Raiders fired Pete Carroll in early 2026 after a dismal 3-14 season, Mark Davis didn't just look to his GM. He explicitly stated that Tom Brady would be a "key voice" in finding the next head coach.
It’s an open secret in Vegas that Brady is doing more than just sitting in a luxury suite. He’s helping General Manager John Spytek—who, by the way, was Brady’s teammate at Michigan—rebuild the roster.
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The Quarterback Factor
The Raiders have the No. 1 overall pick in the 2026 NFL Draft. Everyone is watching Brady to see who he picks. He’s been a huge fan of Indiana’s Fernando Mendoza, the Heisman winner. Having the GOAT evaluate your next franchise QB is a perk 5% usually doesn't buy you.
The Weird "Brady Rules"
Because Tom is also a lead analyst for FOX Sports, the NFL had to invent a whole new set of rules to keep things fair. It’s kinda awkward. He’s technically an owner, but he’s also a member of the media.
- No Production Meetings: Normally, broadcasters get to sit down with coaches and players the Friday before a game to get "inside info." Brady is banned from these.
- Facility Bans: He can’t just wander into other teams' facilities for his broadcast job.
- No Criticism: He has to be careful about what he says on air. If he trashes the officials or another team too hard, he can be fined under the league’s constitution for owners.
- The Unretiring Clause: If he ever wanted to play again, he’d have to sell his 5% stake. The NFL doesn't allow player-owners. Sorry, Raiders fans, he's not coming out of the booth to save the season.
Who Else Owns the Raiders?
Mark Davis is still the guy in charge. He inherited the team from his father, the legendary Al Davis. While Tom is the face of the minority owners now, he’s not the only former player involved. Richard Seymour, who won rings with Brady in New England before playing for the Raiders, also owns a small stake (roughly 0.5%).
It’s a bit of a "Patriot Way" takeover in the desert. You’ve got Brady and Seymour in the owner's box and Spytek in the front office.
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Is 5% Enough to Change the Culture?
The Raiders have been through a lot of "rebuilding" phases. Since 2021, they’ve been one of the losingest teams in the league. Honestly, the 5% isn't about the money for Brady—he’s got the $375 million FOX contract for that. It’s about the influence.
People in Vegas are already calling him the "shadow GM." Whether he can actually turn a 3-14 team into a contender is the real question. He’s used to winning, but winning from a suit is a lot harder than winning from under center.
Next Steps for Fans and Investors:
If you're following the Raiders' transition under Brady's minority ownership, keep a close eye on the 2026 NFL Draft. Brady's influence on the No. 1 overall pick will be the first major litmus test of his "owner" era. You should also monitor the NFL’s quarterly meetings; any adjustments to the "Brady Rules" regarding his broadcasting restrictions will likely be leaked there first, as other owners remain skeptical of his dual-role advantage. Finally, check the Raiders' coaching search updates—Mark Davis has made it clear that no hire will happen without Brady’s stamp of approval, making him the most powerful 5% owner in sports history.