Seven-time Super Bowl winner Tom Brady expressed that he is “incredibly humbled and excited” after receiving approval to invest in the Las Vegas Raiders. The NFL team owners gave their unanimous consent to his minority stake in the team. This is yet another significant milestone for Brady, who is already a part-owner of English football club Birmingham City and the WNBA’s Las Vegas Aces.
Unanimous Approval from NFL Owners for Raiders Stake
Brady needed 24 votes to invest in the Raiders, but NFL team owners went further by giving him unanimous 32-0 approval at a meeting in Atlanta. Following the decision, Brady shared his excitement, saying, “I’m excited to contribute to the organization in any way I can, honoring the Raiders’ rich tradition while finding every possible opportunity to improve our offering to fans.”
He added, “And most importantly, WIN football games.”
Brady’s Stake in the Raiders
According to reports from NFL.com and other major sports outlets, Tom Brady now holds a 5% stake in the Raiders. Alongside partners Tom Wagner and Richard Seymour, Brady has acquired a combined 10% ownership in the team. Raiders’ owner Mark Davis expressed his enthusiasm, stating, “While Tom can’t play anymore, I think he can help us choose a quarterback in the future and even mentor him.”
Brady’s Role in Broadcasting
In addition to his ownership stake, Tom Brady continues to work as an NFL broadcaster for Fox Sports. However, due to the conflict of interest created by his ownership in the Raiders, certain restrictions have been placed on him. Brady is prohibited from attending production meetings, whether in person or online, and is also barred from accessing players, coaches, or team facilities. He is allowed to cover Raiders games but must adhere to NFL rules, which prohibit criticism of other teams or officials.
NFL Commissioner’s Response
NFL Commissioner Roger Goodell welcomed Brady’s investment, saying, “It’s great that Tom Brady wants to invest in the NFL. He cares deeply about this game, believes in its future, and I think that’s a great signal for the league.”
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The Process Behind the Deal
Although the deal was agreed upon in May 2023, it took 17 months to secure approval due to various structural and regulatory concerns. Kansas City Chiefs owner Clark Hunt explained, “There were a lot of things from a structural and due diligence standpoint that had to happen, which is why it took so long for it to be approved, but we finally got everything settled.”
Tom Brady’s investment marks a significant moment for the NFL, and his involvement in the Raiders opens up exciting opportunities for the team. Although he is no longer on the field as a player, his wealth of experience and leadership could provide invaluable guidance for the Raiders.
Conclusion
Tom Brady’s decision to invest in the NFL highlights his deep connection with the sport. From becoming part-owner of the Raiders to continuing his broadcasting role, Brady’s new position further cements his legacy within the NFL. It will be fascinating to see how he contributes to the Raiders’ future and helps them succeed in the seasons to come.