Tom Brady's involvement with the Las Vegas Raiders has been approved

LAS VEGAS (KSNV) — Former NFL superstar Tom Brady is now a minority owner of the Las Vegas Raiders.

According to multiple reports, league owners on Tuesday approved Brady's purchase of a stake in Mark Davis' Silver & Black during the NFL's fall meetings.

Brady has reportedly partnered with businessman Tom Wagner, and according to SI.com's Albert Breer, both will own about 5% of the Raiders.

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Hall of Famer Richard Seymour's purchase of a 0.5 percent stake in the Raiders was also approved. Seymour confirmed the news in a post on X, the platform formerly known as Twitter.

“I am deeply grateful – humbled and honored – to become an NFL owner,” Seymour wrote. “This is the mission of my life and I accept it with both purpose and pride. With great opportunities comes great responsibility. And I vow to be a worthy steward of our game – and everything that makes it possible.”

Brady's purchase of a minority stake has been in development for more than a year, but other NFL owners feared he would receive a discounted price.

NFL commissioner Roger Goodell also previously acknowledged that the league needed to address issues with Brady's role as a broadcaster for Fox Sports.