NFL Owners Approve Tom Brady's Acquisition of Minority Ownership Stake in Las Vegas Raiders
Tom Brady has purchased a 5% minority stake in the Las Vegas Raiders, making him an NFL team owner. The deal was approved by NFL team owners at their annual fall meeting. Brady, a seven-time Super Bowl champion, cannot come out of retirement to play football while owning a stake in the team. The deal, initially agreed upon in May 2023, faced opposition due to concerns over Brady's discount and his role as a broadcaster with Fox. Brady is also part-owner of the WNBA's Las Vegas Aces. Pro Football Hall of Famer Richard Seymour also received approval to purchase a minority stake in the Raiders.
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