Tom Brady could soon be back in the NFL world, but this time as an owner instead of an active player.
The retired quarterback was reported to be in discussions to purchase a minority stake in the Raiders a few weeks ago. During Monday’s NFL spring meetings, the sale was agreed on by both sides and submitted to the NFL for approval, per Sports Illustrated’s Albert Breer.
The finalization of the sale won’t occur this week, but this is the next step that needed to be taken. If the sale is ratified, then Brady will be allowed to purchase the stake from the Raiders’ primary owner, Mark Davis.
Brady and Davis already are in business together as owners of the WNBA’s Las Vegas Aces. Brady joined the ownership group back in March shortly after his retirement from the NFL.
This deal is not expected to impact the seven-time Super Bowl champion’s upcoming broadcasting deal with Fox, in which he signed a 10-year deal with the network to become their lead color analyst.
