Tom Brady, the seven-time Super Bowl champion, has added a new title to his illustrious career in the NFL - owner. The NFL team owners unanimously approved Brady's purchase of a minority stake in the Las Vegas Raiders during the league's annual fall meeting.
In a statement, Brady expressed his excitement and humility at the approval, stating his eagerness to contribute to the Raiders organization and uphold its rich tradition while striving for success on the field.
The deal, which grants Brady 5% control of the Raiders, required 24 out of 32 votes for approval. However, Brady is restricted from returning to play unless he sells his stake in the team.
NFL Commissioner Roger Goodell commended Brady's investment in the league, emphasizing the quarterback's dedication to the game and its future.
Despite initial concerns over the deal, including potential conflicts of interest due to Brady's broadcasting role with Fox, the owners eventually gave their approval after a 17-month deliberation period.
Brady's former teammate, Pro Football Hall of Famer Richard Seymour, also received approval to purchase a minority stake in the Raiders, further solidifying the team's ownership group.
Raiders majority owner Mark Davis welcomed Brady's involvement, highlighting the quarterback's competitive spirit and positive impact on the organization. Davis humorously recalled his past attempts to sign Brady as a free agent in 2020.
The Raiders, who last won a Super Bowl in 1983, have high hopes for the future with Brady and Seymour on board. The team's relocation to Las Vegas in 2020 marked a new chapter, and the ownership additions signal a commitment to success both on and off the field.
Brady's ownership stake in the Raiders aligns with his broader investment in sports, as he also holds a minority share in the WNBA's Las Vegas Aces.
With Brady and Seymour joining the ranks of former NFL players turned owners, the NFL landscape continues to evolve, showcasing the enduring legacy of players beyond their time on the field.
