Tom Brady’s acquisition of a minority stake in the Las Vegas Raiders has received official approval from NFL team owners. The legendary seven-time Super Bowl champion, who spent 23 seasons with the New England Patriots and Tampa Bay Buccaneers, now holds approximately five percent control of the Raiders.
This significant deal was unanimously affirmed at the NFL’s annual autumn meeting, where Brady required at least 24 of the 32 owner votes for approval. The 47-year-old is now restricted from returning to play unless he relinquishes his interest in the Raiders.
Initially negotiated in May 2023, the deal faced a lengthy approval process, lasting 17 months, due to concerns regarding the pricing structure from Raiders’ majority owner Mark Davis and potential conflicts with Brady’s broadcasting role. Restrictions have been placed on Brady’s participation in team activities, including prohibiting attendance at production meetings and limiting access to coaching personnel.
In addition to his new role with the Raiders, Brady also maintains a minority stake in the WNBA’s Las Vegas Aces, owned by Davis, and recently acquired a share in Birmingham City Football Club, currently competing at the top of League One after last season’s relegation.
Furthermore, Pro Football Hall of Famer Richard Seymour, a former teammate of Brady with the Patriots, has also received approval for a minority stake in the Raiders.
As the NFL heads into Week Seven, football fans can look forward to the Thursday night matchup featuring the New Orleans Saints facing off against the Denver Broncos.
