Tom Brady gets unanimously approved for Raiders’ minority ownership stake

Tom Brady gets unanimously approved for Raiders’ minority ownership stake

Nearly 18 months after applying to be a part of the team’s ownership, seven-time Super Bowl champion Tom Brady was officially approved, unanimously, to be a minority owner of the Las Vegas Raiders, he announced Tuesday.

Commitment to Excellence @Raiders pic.twitter.com/GS0WwHkAtz

— Tom Brady (@TomBrady) October 15, 2024

Brady, a first-year broadcaster with Fox Sports, will now have limitations due to his minority ownership–restricting his access and stuff he can publicly comment on on-air. A few of those restrictions include not having access to be on another team’s facility, witnessing practice or attending production meetings with opposing players and coaches.

According to NFL Network insider Ian Rapoport, Brady will have five percent ownership stake in the organization.

Tom Brady has now been officially approved by the NFL owners as a limited partner of the #Raiders.

With his 5% stake official (but a total purchase of 10% by Brady and his partner), his playing career is now over. pic.twitter.com/ykDwKH2f5M

— Ian Rapoport (@RapSheet) October 15, 2024

Fantasy Football: Jets Acquire Davante Adams From Raiders

According to Forbes, the Raiders are worth approximately $6.7 billion, the seventh-most expensive organization in the NFL. Their market will likely continue to grow being in Las Vegas, a new professional sports hub that’s only continuing to grow with MLB coming to the city, plus the NBA (possibly) in the future.

“It’s an exciting day for the Raider organization,” principal owner Mark Davis said after the approval Tuesday. “Although Tom can’t play, I think he can help us select a quarterback in the future and potentially train him as well.”

"We traded Davante Adams for Tom Brady. Although Tom can't play, he can help us select a QB in the future."

– Raiders owner Mark Davis

🎥: @AlbertBreer pic.twitter.com/4L3IOoGjAu https://t.co/B8u7ZPEcIS

— The 33rd Team (@The33rdTeamFB) October 15, 2024

Brady is also a minority owner of the WNBA’s Las Vegas Aces, the reigning back-to-back champs who fell short of a three-peat by losing to the New York Liberty in the WNBA Semifinals.

Few people wouldn’t have been granted this opportunity, given his conflict of interest gig with Fox as an A-Team broadcaster. While Brady won’t have to do as much legwork, it’s not a safe precedent–but not everyone can also say they’re the greatest player at their position–and arguably the sport.

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