Oct 8, 2023; Las Vegas, Nevada, USA; Las Vegas Aces owner Mark Davis and part-owner Tom Brady talk before the game between the Las Vegas Aces and the New York Liberty during game one of the 2023 WNBA Finals at Michelob Ultra Arena. Mandatory Credit: Candice Ward-USA TODAY Sports

Report: Tom Brady’s bid for stake in Raiders likely on hold

Tom Brady’s attempt to own a piece of the Las Vegas Raiders is likely to be delayed with no vote expected at the annual NFL meeting next week, according to a Washington Post report.

The retired NFL great had hoped to be on track to approval by league owners by adjusting his bid for 10 percent of the team after the finance committee’s earlier concerns about a price below market value.

Brady initially came to an agreement with Raiders majority owner Mark Davis in May that would make the seven-time Super Bowl champion a minority owner of the NFL’s Las Vegas franchise with a 10 percent stake for a reported $175 million.

The Raiders were valued by Forbes at $6.2 billion in August.

There are concerns that Brady is receiving too much of a discount from what is generally accepted for limited partners, the Post reported. Some owners also see a possible conflict of interest in Brady being an owner while working his new job in the broadcast booth as Fox’s lead NFL analyst. He reportedly is under contract for 10 years and $375 million, beginning next season.

Brady, 46, who retired after the 2022 season after a stellar career with the New England Patriots and Tampa Bay Buccaneers, would be seeking access to other teams’ training facilities and practice fields as part of his preparations for Fox broadcasts.

He is partnering with Tom Wagner, the co-founder of Knighthead Capital Management, in the bid for a share of the Raiders.

The owners meeting is slated to begin Sunday in Orlando. The Raiders’ arrangement with Brady must be approved by at least 24 of the 32 league owners, who generally follow the finance committee’s recommendation.

The owners are meeting again in May in Nashville.

–Field Level Media

Oct 8, 2023; Las Vegas, Nevada, USA; Las Vegas Aces owner Mark Davis and part-owner Tom Brady talk before the game between the Las Vegas Aces and the New York Liberty during game one of the 2023 WNBA Finals at Michelob Ultra Arena. Mandatory Credit: Candice Ward-USA TODAY Sports

Report: Tom Brady in line to be approved as part owner of Raiders

After a lengthy delay due to concerns by other NFL owners about the potentially low price, it appears Tom Brady is on track to be approved as a part owner of the Las Vegas Raiders, NFL Network reported on Sunday.

Brady’s contribution to the ownership group reportedly has been adjusted to line up with the Raiders’ market value and will be reviewed by the NFL’s Finance Committee when it meets in New York on March 4 or 5.

Brady initially came to an agreement with Raiders majority owner Mark Davis in May that would make the seven-time Super Bowl champion a minority owner of the NFL’s Las Vegas franchise with a 10 percent stake for a reported $175 million.

However, several owners, including Indianapolis Colts owner Jim Irsay, expressed concern that Brady’s initial investment did not match the Raiders’ market value, necessitating the adjustment, according to multiple reports earlier this week.

“We’re trying to work through,” Irsay said of the ongoing review of Brady’s deal. “The number just has to be a reasonable number for purchase price for Tom, is the only thing. If reasonable value says that 10 percent should be $525 million, you can’t pay $175 million.”

The Raiders were valued by Forbes at $6.2 billion in August.

A league spokesman told NFL Network on Saturday the “matter remains under review by the finance committee.”

Final approval of the former New England Patriots and Tampa Bay Buccaneers star’s ownership could come during the NFL Annual League Meeting on March 24-27 in Orlando.

Brady already is part-owner of a sports team primarily owned by Davis. In March, Brady acquired a minority stake in the WNBA’s Las Vegas Aces.

Regardless of what happens with his ownership attempts, Brady will be watching the upcoming NFL season from his position in the broadcast booth as Fox’s lead NFL analyst. He reportedly signed a 10-year, $375 million contract for the gig.

–Field Level Media

Jan 16, 2023; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) looks on before a  wild card game against the Dallas Cowboys at Raymond James Stadium. Mandatory Credit: Nathan Ray Seebeck-USA TODAY Sports

Report: Tom Brady finalizes deal for minority stake in Raiders

Tom Brady has finalized a deal to become a minority owner in the NFL.

The seven-time Super Bowl champion and three-time MVP has agreed to purchase a minority stake in the Las Vegas Raiders from Mark Davis, Sports Illustrated reported Monday.

The agreement has been sent to the NFL for approval, but that won’t come at this week’s owner meetings in Minneapolis. Brady needs approval from 24 owners to ratify the deal.

Brady, 45, already holds a stake in another one of Davis’ teams, the defending WNBA champion Las Vegas Aces.

Brady’s 10-year, $375 million contract with Fox Sports reportedly would be unaffected by an investment with the Raiders, per reports. He’s not joining Fox until 2024.

Brady announced his retirement from the NFL on Feb. 1 after 23 seasons.

Brady set NFL records for wins by a quarterback (251), Super Bowl wins, passing yards (89,214) and passing touchdowns (649) during his career with the New England Patriots (2000-19) and Tampa Bay Buccaneers (2020-22).

–Field Level Media

Jan 16, 2023; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) looks on before a  wild card game against the Dallas Cowboys at Raymond James Stadium. Mandatory Credit: Nathan Ray Seebeck-USA TODAY Sports

Report: Tom Brady in talks to purchase stake in Raiders

Tom Brady is in “deep discussions” with the Las Vegas Raiders to join the team’s ownership group, ESPN reported on Friday.

The stake would allow the seven-time Super Bowl champion to become a limited partner with the Raiders. Talks have been ongoing “for weeks and could soon be reaching a resolution,” per the report.

The Raiders are owned by Mark Davis.

Brady, 45, already holds a stake in another one of Davis’ teams, the defending WNBA champion Las Vegas Aces.

Any agreement between Brady and Davis on the NFL side would have to be approved by at least 24 owners in the league.

Brady’s 10-year, $375 million contract with Fox Sports reportedly would be unaffected by an investment with the Raiders, per reports.

Brady announced his retirement from the NFL on Feb. 1 after 23 seasons.

A three-time league MVP, Brady set NFL records for wins by a quarterback (251), Super Bowl wins, passing yards (89,214) and passing touchdowns (649) during his career with the New England Patriots (2000-19) and Tampa Bay Buccaneers (2020-22).

–Field Level Media

Sep 11, 2022; Inglewood, California, USA; Las Vegas Raiders owner Mark Davis (left) and coach Josh McDaniels during the game against the Los Angeles Chargers at SoFi Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports

Raiders owner: Coach Josh McDaniels ‘doing a fantastic job’

Las Vegas Raiders owner Mark Davis said Monday he has “no issues” with the performance of first-year coach Josh McDaniels, despite the team’s 2-7 record.

Davis told the Las Vegas Review-Journal that he hasn’t soured on McDaniels, the former Denver Broncos head coach and longtime offensive coordinator of the New England Patriots.

It’s been a rough first half of the season for the Raiders. Six of their seven defeats have been by a touchdown or less, including Sunday’s 25-20 loss to the equally disappointing Indianapolis Colts at home on Sunday. Those six defeats have been by a total of 26 points.

The Raiders hired McDaniels on Jan. 31 to replace interim coach Rich Bisaccia, who guided the team to a postseason berth in 2021. The previous head coach, Jon Gruden, was fired in October after he was found to have sent inflammatory emails.

“As far as Josh goes, I have no issues,” Davis said. “I’m getting to know him a lot better. When you sign someone to a contract, don’t you expect him to fulfill the contract?”

The Review-Journal said McDaniels, 46, signed a four-year contract.

“I like Josh. I think he’s doing a fantastic job. That’s why I hired him,” Davis told the newspaper. “We did an exhaustive search and found the person we believe is going to bring the Raiders to greatness.”

The Raiders had two coaches — John Madden and Tom Flores, who combined to win three Super Bowls — in the 19-season span from 1969-87. Since Flores’ departure, the Raiders have made 17 head-coaching hires or promotions for interim head coaches in 35 seasons.

The team lost in the Super Bowl following the 2002 season under head coach Bill Callahan. They have just two playoff appearances — both wild-card losses — since.

When asked, Davis said he believes McDaniels can fill the job for the long term, replying, “Why wouldn’t I?”

–Field Level Media

Jul 26, 2022; Chicago, IL, USA;  Las Vegas Aces owner Mark Davis  before the team's game against the Chicago Sky during the Commissioners Cup-Championships at Wintrust Arena. Mandatory Credit: Matt Marton-USA TODAY Sports

Mark Davis chooses his Aces over his Raiders

Las Vegas Raiders owner Mark Davis is skipping his football team’s home opener on Sunday to be in Uncasville, Conn., where his Aces are bidding to win the WNBA title, the Las Vegas Review-Journal reported.

The Aces hold a 2-1 lead in the best-of-five series. A Game 4 win over the Connecticut Sun would give Las Vegas its first major pro sports title.

“I knew if it was a potentially (series) deciding game, I would be with the Aces,” said Davis, who watched the Sun win Game 3, 105-76.

The Aces are scheduled to tip off just a few minutes before the Raiders meet the Arizona Cardinals at Allegiant Stadium.

Last Sunday, Davis missed Game 1 of the WNBA Finals to attend the Raiders’ season opener in Los Angeles, where they lost to the Chargers 24-19.

“I’ll be 100 percent into the basketball game,” David told the Review-Journal. “I won’t be worried about the football game until the basketball game is over.”

Given that the Raiders have not won a Super Bowl since after the 1983 season, Davis knows the struggle to win a league title.

“We went back to the Super Bowl (in 2003) and got blown out and haven’t sniffed one since,” he said. “I know how hard it is. Even though (the Aces) are up 2-1, I’m not counting any chickens. You have to go do it. But when you do, it’s so rewarding. If the Aces can do this — be the first major league professional team in Las Vegas — I’d be very proud of that. It would be a statement that would last forever.

“This has never been a hobby for me. We’re looking for success on and off the court, and we’re making progress in both endeavors. This is very important to me. I’ve said it before — these women are the greatest athletes in the world at what they do. It’s really good basketball, and we have some of the greatest fans in the world.”

Davis entered into a deal to buy the Aces from MGM Resorts International in January 2021.

If necessary, a deciding Game 5 of the WNBA Finals will be held Tuesday night in Las Vegas.

–Field Level Media

Nov 14, 2021; Paradise, Nevada, USA; A detailed view of the Las Vegas Raiders shield logo at midfield at Allegiant Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports

Raiders donate $1 million to Uvalde schools

The Las Vegas Raiders donated $1 million to bolster security in schools in Uvalde, Texas, where 19 children and two teachers were killed in a school shooting on May 23.

Raiders owner Mark Davis announced his donation to the Uvalde Consolidated Independent School District in an online meeting with school administrators. According to the Uvalde Leader-News, the funds will be spent on security features such as doors that can’t be penetrated, fences that can’t be climbed and cameras.

Davis said he was moved to make the donation after speaking with former Raiders safety Vann McElroy, who grew up in Uvalde and still lives there.

“We are proud to be part of something to make the children in these schools safer,” Davis said, per the newspaper. “Two weeks ago, I had a conversation with Vann. He told me about the hurt his hometown was going through. … He said that Uvalde was in pain and needed help. I asked him what we could do to help ease that pain.”

McElroy responded that the superintendent said the district needed about $1 million for the enhanced security measures.

“Mark said, ‘Let’s do it,’” McElroy told the newspaper.

McElroy, 62, played nine NFL seasons and made the Pro Bowl twice (1983-84) as a member of the Raiders.

–Field Level Media

Dec 12, 2021; Kansas City, Missouri, USA; A general view of a Las Vegas Raiders helmet against the Kansas City Chiefs during the first half at GEHA Field at Arrowhead Stadium. Mandatory Credit: Denny Medley-USA TODAY Sports

Raiders’ Dan Ventrelle out as team president

Las Vegas Raiders president Dan Ventrelle no longer is with the team after a short stay in his new role.

“Dan Ventrelle is no longer with the organization. We will have no further comment at this time,” Raiders owner Mark Davis said in a statement posted to Twitter.

After 17 years with the Raiders, Ventrelle was promoted to the position in July to replace Marc Badain, who resigned.

Prior to becoming team president, Ventrelle was the executive vice president and general counsel, and his duties included contract negotiations with coaches and players. His team biography said he “has played a key role in the organization’s most significant milestones, including the move to Las Vegas from Oakland.”

He was in charge of aspects of the move that included the stadium lease agreements, the development and construction agreements for Allegiant Stadium, and the establishment of the Las Vegas Stadium Authority for the team.

This move continues the leadership upheaval for the Raiders.

Badain had been with the Raiders for 30 years when he stepped down as president last July. Head coach Jon Gruden resigned Oct. 11 after leaked emails revealed derogatory comments he made about NFL commissioner Roger Goodell, players union chief DeMaurice Smith and various team owners as well as statements categorized as racist, misogynistic and homophobic.

General manager Mike Mayock was fired in January after three seasons.

Josh McDaniels and Dave Ziegler, both out of the New England Patriots organization, have taken over as head coach and general manager, respectively.

–Field Level Media

Oct 10, 2021; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis is pictured before the start of a game between the Raiders and the Chicago Bears at Allegiant Stadium. Mandatory Credit: Stephen R. Sylvanie-USA TODAY Sports

Raiders owner Mark Davis favors release of WFT report

Las Vegas Raiders owner Mark Davis told reporters Wednesday that he is in favor of the release of a written report pertaining to the findings of the Washington Football Team investigation.

“Probably. Yeah, I think that there should be,” Davis said, sitting in a high-backed chair, wearing a Raiders satin Starter jacket and a backpack. He made the comments at the NFL league meetings.

It was the leak of a select few of 650,000 emails the league reviewed as part of the investigation into potential workplace misconduct in the Washington organization that led to the resignation of Raiders coach Jon Gruden on Oct. 11. Some of the comments in Gruden’s emails were characterized as homophobic, misogynistic and racist.

Commissioner Roger Goodell said Tuesday that the league will not release a report into the investigation, citing the request for anonymity made by some of those who were interviewed by investigators.

“We’re very conscious of making sure we’re protecting those who came forward,” Goodell said. “They were incredibly brave, incredibly open, and we respect the pain that they probably went through all over again to come forward. That was a very high priority.”

Davis is the first owner to call for the release of investigative materials, breaking rank with his peers, apparently. Dallas Cowboys owner Jerry Jones said earlier Wednesday that owners were “very satisfied with the NFL holding Dan Snyder accountable.”

Snyder, who owns the Washington Football Team, was replaced as head of the team’s day-to-day operations as a result of the report, with his wife, Tanya, taking over for the immediate future. The team also received a $10 million fine based on the investigation’s findings.

Davis also said he was upset by the timing of the release of the Gruden emails — sent well before he coached the Raiders — because the league had the emails before the season started. Had Davis been informed earlier, he could have made a coaching change, had he desired to, before the start of training camp.

Asked if the team had been treated unfairly by the NFL, Davis had this to say:

“We’re Raiders. We’re used to this.”

The Raiders are 2-0 under interim coach Rich Bisaccia. At 5-2, they are in first place in the AFC West.

–Field Level Media

Sep 13, 2021; Paradise, Nevada, USA; Las Vegas Raiders head coach Jon Gruden watches game action against the Baltimore Ravens during the first half at Allegiant Stadium. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports

Raiders owner on Gruden emails: “We don’t stand for it”

Four days after offering a snarky “no comment” in response to the Jon Gruden email scandal, Las Vegas Raiders owner Mark Davis changed his tune on Sunday.

“Listen,” Davis said outside the Raiders’ locker room, according to the Las Vegas Review-Journal. “The Raiders stand for diversity, inclusion and social justice. We always have and we always will. The emails that came out are not what we stand for. So, Jon Gruden is no longer head coach of the Raiders.

“There’s not much more I can say. All the talking heads are making up all sorts of stuff. That’s all it is. We don’t stand for it.”

Gruden resigned Monday after leaked emails revealed that he had made derogatory, misogynistic and homophobic comments before becoming Raiders head coach.

Asked about Gruden’s resignation on Wednesday, Davis said “I have no comment. Ask the NFL. They have all the answers.”

The Raiders improved to 4-2 on Sunday by defeating the Broncos 34-24 in Denver in their first game under interim head coach Rich Bisaccia.

“It was one of the best games I have seen us play in a long time,” Davis said. “I thought it was fantastic. All three phases of the game. My emotions are that I’m excited that we looked good and are moving towards the future.”

–Field Level Media