The Las Vegas Aces are a professional basketball team competing in the Women’s National Basketball Association (WNBA). Based in Las Vegas, Nevada, the Aces are known for their powerful roster, dominant performance, and back-to-back WNBA Championships in 2022 and 2023.
Originally founded as the Utah Starzz in 1997, the team was one of the WNBA’s original eight franchises. It later moved to San Antonio, rebranding as the Silver Stars and then the Stars, before relocating to Las Vegas in 2018 under the ownership of MGM Resorts International.
The Aces play their home games at the Michelob Ultra Arena inside the Mandalay Bay Resort and Casino. As of October 2025, the team is owned by Mark Davis, who also owns the NFL’s Las Vegas Raiders. Davis took ownership of the team in 2021, ushering in a period of significant investment, visibility, and success.
Ownership Status of Las Vegas Aces
The Las Vegas Aces are a privately owned WNBA franchise, not listed on any stock exchange. There is no single public shareholder group; instead, the team is owned primarily by sports entrepreneur Mark Davis, with a minority ownership stake held by Tom Brady, the legendary former NFL quarterback.
Major Shareholders
| Owner / Investor | Ownership Percentage | Notes |
|---|---|---|
| Mark Davis | Majority / Controlling Owner | Purchased the Aces in 2021 from MGM Resorts International after league approval. Also owns the Las Vegas Raiders (NFL). |
| Tom Brady | Minority Owner | Acquired a minority ownership stake in 2023; approved by the WNBA later that year. |
| Carol Davis (Indirect Interest) | Indirect Stake via Family Holdings | Mark Davis’s mother and co-owner of the Raiders; possible indirect interest through family business holdings. |
Note: The exact percentages have not been disclosed publicly. Remaining equity (if any) is privately held.
Key Shareholder Highlights
Mark Davis
Mark Davis is the primary and controlling owner of the Las Vegas Aces. He purchased the franchise from MGM Resorts International in February 2021 for a reported $2 million. Under his leadership, the Aces have transformed into one of the WNBA’s top teams. Davis built a state-of-the-art practice facility in Henderson, Nevada — the first of its kind dedicated solely to a WNBA team — and has invested heavily in team infrastructure and player development.
Tom Brady
In March 2023, Tom Brady announced that he had acquired a minority ownership stake in the Las Vegas Aces. The deal received official WNBA approval in October 2023. Although the financial terms were not disclosed, Brady’s involvement added significant star power and media attention to the team, further elevating its global recognition.
Carol Davis
While not directly listed as an Aces owner, Carol Davis (Mark Davis’s mother and co-owner of the Las Vegas Raiders) is often mentioned in connection with the Davis family’s collective sports holdings. Her involvement is mostly indirect but contributes to the Davis family’s influence in Las Vegas sports.
Recent Developments in Ownership
Recent years have seen several significant ownership-related developments:
- In 2021, Mark Davis officially took ownership of the Las Vegas Aces from MGM Resorts International, after the WNBA’s Board of Governors approved the sale.
- In 2023, Tom Brady’s minority stake was approved, marking the first time a high-profile NFL star joined WNBA ownership ranks.
- Under Davis’s leadership, the Aces’ franchise valuation skyrocketed from roughly $2 million to an estimated $310 million as of 2025, according to Las Vegas Review-Journal reports.
- In 2024, the Aces were subject to a WNBA investigation involving a sponsorship deal with the Las Vegas Convention and Visitors Authority (LVCVA). Mark Davis publicly defended the organization, maintaining that the team “did absolutely nothing wrong.”
These developments reflect both the Aces’ rapid growth and the increasing scrutiny that comes with becoming a dominant force in professional sports.
FAQs
1. Who is the current owner of the Las Vegas Aces?
The majority owner of the Las Vegas Aces is Mark Davis, who purchased the team in 2021. He also owns the NFL’s Las Vegas Raiders.
2. Does Tom Brady own the Las Vegas Aces?
Yes, Tom Brady holds a minority ownership stake in the team. His involvement was officially approved by the WNBA in October 2023.
3. Is the Las Vegas Aces franchise publicly traded?
No, the Aces are privately owned. Their ownership lies entirely with private individuals and not with any public investors.
4. Who previously owned the Aces before Mark Davis?
Before Davis’s purchase, the franchise was owned by MGM Resorts International, which relocated the team from San Antonio to Las Vegas in 2018.
5. Has ownership changed recently?
Yes. The last major ownership change occurred in 2023, when Tom Brady joined as a minority owner, after Mark Davis’s initial acquisition in 2021.
6. How has ownership impacted the team’s success?
Since Davis took over, the Aces have won two consecutive WNBA championships (2022 and 2023), built a world-class training facility, and dramatically increased their valuation — cementing their status as a premier WNBA franchise.
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