Brady's Minority Ownership in Raiders Approved by NFL

Seven-time Super Bowl champion Tom Brady's bid for minority ownership in the Las Vegas Raiders was officially approved by NFL team owners, Brady confirmed on Tuesday.

Brady, in a statement posted on X, expressed feeling "incredibly humbled" and "excited" to join the Raiders. The vote was unanimous among league owners.

Brady purchased 10% of the team, sharing the stake with businessman Tom Wagner, with Brady personally holding 5%. The deal was finalized with current owner Mark Davis. This decision formally rules out any possibility of Brady returning to the field as a player.

At 47 years old, Brady is now in his first year as a Fox Sports broadcaster. His new role as a Raiders owner will come with limitations under NFL rules. He will be prohibited from entering other teams' facilities, attending practices, or joining broadcast production meetings, and he could face fines if he publicly criticizes game officials or other clubs. Additionally, Brady must adhere to NFL gambling policies and anti-tampering regulations.

The agreement with Davis on Brady's minority ownership was initially reached in May 2023, though the approval process was delayed due to concerns over the price Brady was offered and his broadcast commitments. The deal had to pass the league's finance committee and gain approval from other NFL owners.

"Although Tom can't play, I think he can help us select a quarterback in the future and potentially train him as well," said Davis, as reported by Mark Maske of the Washington Post. "So, it's a huge benefit for the organization."

On the same day, Brady's former teammate, Richard Seymour, also secured a minority stake in the Raiders. Seymour shared his gratitude on X, calling it "the mission of a lifetime" and pledging to be a responsible steward of the game.

Brady retired from a 23-year career after the 2022 NFL season, having won six Super Bowls with the New England Patriots and one with the Tampa Bay Buccaneers.