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National Football League (NFL) icon Tom Brady has become a part owner of the Las Vegas Aces, acquiring a minority stake in the reigning Women’s National Basketball Association (WNBA) champions.
Confirmed:
- Purchase is subject to WNBA approval
- The Aces were valued at a reported US$2 million when Las Vegas Raiders owner Mark Davis acquired the franchise in 2021 following the relocation to Nevada in 2018
Context:
The move marks Brady’s latest sports team investment after the recently retired NFL star purchased a Major League Pickleball (MLP) franchise last year as part of a group that included former tennis world number one Kim Clijsters. The 45-year-old’s other business ventures include his ‘Brady’ apparel line, as well as the Autograph non-fungible token (NFT) company.
Comment:
Honored to be joining the @LVAces family, a world class organization with a team of incredible athletes pic.twitter.com/JGU4tndZR2
— Tom Brady (@TomBrady) March 23, 2023
Coming next:
Following his retirement, Brady is clearly looking to build his investment portfolio and was recently linked with acquiring a minority stake acquisition in the Miami Dolphins.
