NFL legend Tom Brady has taken on a new role as an owner in the league, purchasing a minority stake in the Las Vegas Raiders. The deal was unanimously approved by NFL team owners at their annual fall meeting. Brady expressed his excitement and humbleness at the opportunity, stating his eagerness to contribute to the organization and help improve their offering to fans. Raiders majority owner Mark Davis welcomed Brady’s involvement, highlighting the potential for him to help in selecting and training future quarterbacks.
Although Brady cannot come out of retirement to play again unless he sells his stake in the team, NFL Commissioner Roger Goodell praised his investment in the league, emphasizing Brady’s passion for the game’s future. The deal, initially agreed upon in May 2023, faced delays before receiving final approval due to concerns over potential conflicts of interest.
In addition to owning a stake in the Raiders, Brady also has ownership in the WNBA’s Las Vegas Aces. Pro Football Hall of Famer Richard Seymour, who played with Brady in New England, also received approval to purchase a minority stake in the Raiders. The arrival of Brady and Seymour as owners puts them among a select group of former NFL players who have become team owners.
The Raiders, who last won a Super Bowl in 1983, hope that Brady’s involvement will bring success to the franchise as they continue their journey in Las Vegas. Team owner Mark Davis, who previously attempted to sign Brady as a free agent, expressed his pride in having Brady as part of the organization and praised his competitive spirit and intelligence. The addition of Brady and Seymour to the Raiders ownership group marks a significant milestone in the team’s history.
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