Tom Brady’s purchase of a minority stake in the Las Vegas Raiders has been approved by NFL team owners.
The seven-time Super Bowl champion, who played 23 seasons with the Patriots and Buccaneers, controls about 5 percent of the Raiders.
Brady’s deal was unanimously approved at the NFL’s annual fall meetings, requiring the former quarterback to receive 24 of 32 votes.
The 47-year-old now cannot come out of retirement and play again unless he sells his stake in the Raiders.
The deal was initially agreed to in May 2023, but took 17 months for owners to approve due to concerns that Brady had received too much of a discount from Raiders majority owner Mark Davis. Brady’s new job is as a broadcaster. fox It was also problematic in that a conflict of interest could occur.
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Brady was in awe as the Detroit Lions capped off an incredible trick play with Sam LaPorta’s 52-yard touchdown run against the Dallas Cowboys.
The NFL placed restrictions on Brady before the season to limit his access. He will not be allowed to attend production meetings, in person or virtually, and will not have access to team facilities or player and coaching personnel. Brady can broadcast Raiders games. He must also comply with the league’s constitution and bylaws, which prohibit public criticism of officials and other clubs.
Brady also owns a minority stake in the WNBA’s Las Vegas Aces, which is owned by Davis, and the 47-year-old bought a minority stake in Birmingham City, a soccer club that was relegated from League One in August 2023. He won the championship last season and serves as Chairman of the Advisory Board.
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Brady also owns a stake in Birmingham City, which recently took on Wrexham station owned by Hollywood stars Ryan Reynolds and Rob McElhenney.
Pro Football Hall of Famer Richard Seymour, who played with Brady in New England, also received approval to purchase a minority stake in the Raiders.
Week 7 begins Thursday night when the New Orleans Saints (2-4) meet the Denver Broncos (3-3). It will be shown live on Sky Sports NFL from 1.15am on Friday.; Also stream NOW.
