Tom Brady paid approximately $220 million for about a 5% equity stake in the Las Vegas Raiders. Brady and his co-investor Tom Wagner together purchased about 10% of the team for a total of $220 million in equity, plus around $24 million in a "flip tax" related to the team's relocation from Oakland to Las Vegas. This deal valued the Raiders at roughly $3.5 billion, which was considered a significantly discounted valuation compared to other estimates of the team's worth. Brady's individual share, representing 5%, cost him about $220 million of that total investment. The NFL initially had concerns about the low valuation, but the deal was ultimately approved with these terms.