Retired quarterback Tom Brady, who is considered the greatest football player in history, has added the title of NFL owner to his resume. During an NFL owners meeting on Wednesday, Brady received a green light to acquire a minority stake of 5% in the Las Vegas Raiders.
Brady initially struck a deal with the Raiders’ controlling owner, Mark Davis, in May 2023 to get a piece of the franchise. However, he needed to clear a number of obstacles before the deal could be approved.
Reportedly, other NFL owners believed that Davis gave Brady too much of a discount, which dragged out the process and prompted the seven-time Super Bowl winner to up his bid. Additionally, Brady’s position as an NFL analyst with Fox Sports was also considered to be an issue.
As a team owner, Brady will now have to follow certain rules while working on TV. He won’t have access to team facilities, players, or coaching staff, and he has to refrain from criticizing the officials and other franchises.
A stake in the Raiders adds to Brady’s growing involvement in sports ownership. He also owns a stake in WNBA’s Las Vegas Aces, who are also controlled by Davis, while being a minority owner of the English soccer club Birmingham City. On top of that, Brady invested in Major League Pickleball, where he will be part owner of an expansion team.