Posted on Oct 13
Tom Brady to become a minority owner of the Las Vegas Raiders at NFL fall owners meeting
u/alex •
Tom Brady is set to become a minority owner of the Las Vegas Raiders, pending approval from the NFL's other team owners.
Why it matters: Brady's ownership stake in the Raiders marks a significant milestone as he joins the ranks of former athletes who have transitioned into team ownership roles.
What's new: The NFL's finance committee has unanimously approved Brady's bid to become a minority owner of the Raiders and plans to present it to the rest of the league's owners for a vote.
By the numbers: Brady will purchase approximately 10% of the Raiders alongside businessman Tom Wagner. This acquisition solidifies Brady's connection to the sport even after his retirement as a player.
The big picture: Brady's move into team ownership aligns him with other notable athletes who have made similar transitions, including Michael Jordan, Magic Johnson, Dwyane Wade, and Alex Rodriguez. It highlights the growing trend of athletes taking on ownership roles in professional sports.
Mark Davis on Tom Brady joining the Raiders: "We're excited for Tom to join the Raiders. And it's exciting because he will be just the third player in the history of the National Football League to become an owner."
Yes, but: While Brady's ownership venture is noteworthy, it remains to be seen how involved he will be in the day-to-day operations and decision-making of the franchise.
What's next: With the expected approval from the other NFL owners, Brady's ownership status will be solidified, and he will officially join the ranks of team ownership within the league.
The bottom line: As one of the most accomplished quarterbacks in NFL history, Brady's transition into a team ownership role demonstrates his enduring impact on the sport and his continued influence beyond his playing days.