Tom Brady Acquires Minority Stake in Las Vegas Raiders After NFL Approval

The National Football League (NFL) has officially approved Tom Brady‘s acquisition of a minority stake in the Las Vegas Raiders. This decision, confirmed at the league’s annual fall meeting, marks a significant career progression for the seven-time Super Bowl champion, who expressed his excitement and gratitude in a statement on X.

“I’m incredibly humbled and excited to have been unanimously approved as an owner of the Las Vegas Raiders,” Brady stated. He emphasized his commitment to contributing to the Raiders’ organization and enhancing the experience for fans while remaining focused on winning games. Brady extended thanks to Raiders majority owner Mark Davis and NFL Commissioner Roger Goodell for their support.

Mark Davis expressed his enthusiasm about Brady’s involvement, noting the quarterback’s potential contributions off the field, particularly in selecting and mentoring future quarterbacks. “It’s an exciting day for the Raider organization,” Davis stated. “Although Tom can’t play, I think he can help us select a quarterback in the future and potentially train him as well.”

Brady, who retired after 23 illustrious seasons with the New England Patriots and the Tampa Bay Buccaneers, now holds a 5% ownership stake in the Raiders. The 47-year-old’s involvement required the approval of at least 24 of the 32 NFL team owners. Concerns about a potential conflict of interest due to Brady’s broadcasting role with Fox were among the issues that delayed the final approval.

To prevent conflicts of interest, the NFL has imposed several restrictions on Brady. He will not be allowed to participate in production meetings or access team facilities and personnel, except as permitted by the league’s constitution and bylaws.

Brady’s foray into team ownership is not his first in professional sports, as he also holds a minority stake in the WNBA‘s Las Vegas Aces, another team owned by Davis.

In a distinct but related development, Pro Football Hall of Famer Richard Seymour also received approval to purchase a minority interest in the Raiders. Seymour expressed his commitment to good stewardship of the team and the sport, echoing Brady’s sentiments.

The Raiders franchise, with a storied history that includes three Super Bowl titles, has not achieved playoff success since losing to the Buccaneers in the 2002 Super Bowl. The team’s latest move to Las Vegas in 2020 marks its continued effort to return to prominence.