Posted on Oct 15
Tom Brady approved as minority owner of Las Vegas Raiders in landmark NFL decision
Posted Oct 15, 2024
Tom Brady approved to purchase minority stake in Las Vegas Raiders
Why it matters: Tom Brady, a seven-time Super Bowl champion, has been given the green light by NFL team owners to acquire a minority stake of approximately 5% in the Las Vegas Raiders.
What's new: The approval also extends to former NFL player Richard Seymour, who will also become a minority owner of the Raiders.
Yes, but: The deal faced delays and concerns over potential discounts and conflicts of interest.
- It took 17 months for owners to grant their approval, raising questions about the scrutiny involved.
- Concerns were raised regarding Brady receiving too much of a discount from Raiders majority owner Mark Davis.
- Brady's broadcasting job with Fox added to worries about conflicts of interest.
What to watch: The NFL has placed restrictions on Brady's ownership, including limited access and prohibitions on public criticism of officials and other clubs.
What's next: With his minority stake in the Las Vegas Raiders, Tom Brady joins a select group of former NFL players who have transitioned into ownership roles.
The bottom line: Brady's investment in the Raiders and his growing portfolio as an owner demonstrate his commitment to the NFL beyond his illustrious playing career.