Fox Sports lead NFL analyst Tom Brady takes the field before the game between the Detroit Lions and the Dallas Cowboys on Sunday in Arlington, Texas. The former NFL star quarterback has purchased a minority stake in the Las Vegas Raiders. Gareth Patterson/AP Hide caption
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Gareth Patterson/Associated Press
ATLANTA — Tom Brady has another new role in the NFL. It’s the owner.
The seven-time Super Bowl champion purchased a minority stake in the Las Vegas Raiders, which was approved unanimously by NFL team owners at the league’s fall meeting on Tuesday.
In a lengthy statement about X, Brady said he was “incredibly humbled and excited” to receive the approval.
“I want to contribute to the organization in any way I can. I will find every opportunity to improve our offering to our fans while honoring the Raiders’ rich tradition…and most importantly… , to win football games,” Brady posted.
Brady also thanked Raiders majority owner Mark Davis and NFL Commissioner Roger Goodell, among others.
“This is an exciting day for the Raider organization,” Davis said. “Even though Tom can’t play, I think he could help select future quarterbacks and give us some training as well.”
Brady, who played 23 seasons with the Patriots and Buccaneers, will have 5% control of the Raiders. He needed to receive 24 of 32 votes. Brady, 47, cannot come out of retirement and play again unless he sells his stock in the team.
“It’s great that Tom Brady wants to invest in the NFL,” Goodell said. “He cares so much about this game. He believes in its future and I think that’s a real sign of that.”
Brady had to clear hurdles with Fox job
The deal was originally agreed to in May 2023, but it took 17 months for owners to give approval due to concerns that Brady was receiving too much of a discount from Davis. Mr. Brady’s new job at Fox Broadcasting was also at issue because of a potential conflict of interest.
Chiefs owner Clark Hunt said: “There was a lot of work that needed to be done from a structural and due diligence standpoint. So it took a very long time to get approval and now everything is ready.” Ta.
The NFL put in place restrictions before the season limiting access to Brady. He is not permitted to attend production meetings in person or virtually and may not have access to team facilities, players or coaching personnel. Brady might broadcast a Raiders game. They must also abide by league rules and bylaws that prohibit public criticism of officials or other clubs.
Brady also owns a minority stake in the WNBA’s Las Vegas Aces, which is owned by Davis.
Pro Football Hall of Famer Richard Seymour, who played with Brady in New England, also received approval Tuesday to buy a minority stake in the Raiders.
“This is a once-in-a-lifetime mission and I accept it with purpose and pride,” Seymour wrote on X. “With great opportunity comes great responsibility, and I pledge to be a worthy steward of our game and all that it enables.”
Brady and Seymour are the fifth and sixth former NFL players to become owners, joining George Halas Sr., Jerry Richardson, Warrick Dunn and John Stallworth.
Davis joked that he didn’t really like Brady when he was an opponent, but tried hard to sign him as a free agent in 2020 before the 15-time Pro Bowl QB went to Tampa Bay. Ta.
“We are really proud to have him as part of our organization,” Davis said. “He’s a competitor and a smart young man. There’s a lot of positives on both sides. It’s great.”
The Raiders have not won a Super Bowl since the 1983 season, when they won their third title in eight years. They won the first two in Oakland and the last in Los Angeles. They moved to Las Vegas in 2020, but have not won in the playoffs since losing to Tampa Bay in the Super Bowl on January 26, 2003.
