Tom Brady joins the Las Vegas Raiders ownership group

CNN
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Seven-time Super Bowl champion Tom Brady has joined the ranks of NFL team ownership after purchasing a minority stake in the Las Vegas Raiders, the NFL has announced.

Brady's purchase, which the Associated Press reports is a 5 percent stake in the franchise, was approved Tuesday at a meeting of NFL owners in Atlanta.

“I am incredibly honored and pleased to have been unanimously recognized as the owner of the Las Vegas Raiders,” Brady said in an interview post on social media.

“I am committed to contributing to the organization in every way possible, honoring the Raiders' rich tradition while pursuing every possible opportunity to improve what we offer to fans… and most importantly, WIN football games.”

NFL Commissioner Roger Goodell applauded Brady's investment at Tuesday's Fall League meeting in Atlanta.

“It’s great that Tom Brady wants to invest in the NFL,” Goodell told reporters. “This game is very close to his heart. He believes in the future and I think this is just a signal of that.”

The purchase was first reported nearly a year and a half ago, but required approval from at least three-quarters of the league's owners to become official. Multiple media outlets reported that the approval was delayed due to questions about the valuation of Brady's stake in the club as well as concerns about Brady's role as a broadcaster for FOX.

Unlike other game broadcasts, Brady is not permitted to participate in “in-person or online broadcast production meetings and may not have access to team facilities, players or coaches,” according to the AP. Brady is reportedly banned from publicly criticizing officials and other teams, but is allowed to broadcast Raiders games.

Brady is in his first season as a commentator on FOX's main broadcast team after retiring following the 2022 NFL season.

According to the AP, Brady's purchase agreement also prohibits the 47-year-old from returning to the NFL as a player unless he first sells his share of the team.

During his 23-year playing career, the future Hall of Famer set nearly every passing record, including regular season passing yards (89,214) and passing touchdowns (649). Brady was a three-time league MVP and had the most wins of any player in NFL history (251).

The purchase agreement with the Raiders marks the second partnership between Brady and Raiders owner Mark Davis. In March 2023, it was announced that Brady had purchased an ownership interest in the WNBA's Las Vegas Aces, which was also owned by Davis.