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Tom Brady, Richard Seymour approved as minority owners of Las Vegas Raiders
"I'm eager to contribute to the organization in any way I can."
Tom Brady can reportedly add “NFL owner” to his already lengthy resume.
According to NFL Media’s Ian Rapoport, Brady received approval by NFL owners on his purchase of a minority stake in the Las Vegas Raiders. The seven-time Super Bowl champion will now hold a five percent stake in the Raiders.
Brady posted a statement on his X account announcing the purchase Tuesday evening.
“Throughout my NFL career, I’ve learned that at its core, football is a game of teamwork, resilience, and a relentless pursuit of excellence,” Brady said in his statement. “The Raiders franchise, and the city of Las Vegas embody these same values, and I’m honored to become part of that story. … I’m eager to contribute to the organization in any way I can, honoring the Raiders’ rich tradition while finding every possible opportunity to improve our offering to fans… and most importantly, WIN football games.”
Raiders owner Mark Davis sold 10.5 percent of the Raiders as part of a series of transactions involving Brady and other partners. Tashan Reed of The Athletic reported Tuesday that businessman Tom Wagner purchased the other five-percent stake alongside Brady.
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Sports Illustrated’s Albert Breer added that former Patriots defensive lineman Richard Seymour acquired the remaining 0.5 percent stake. The three-time Super Bowl champion and Pro Football Hall of Famer taking to social media Tuesday to confirm the news.
Even with his new role with the Raiders, Brady will continue in his current role as Fox Sports’ top NFL color analyst during broadcasts. The future Hall of Famer is in the first year of his 10-year, $375 million contract with Fox.
Brady first began the process to acquire a stake in the Raiders in May 2023. But the transaction hit several snags along the way over concerns from other owners about Davis lowering the price of the minority share for Brady, as well as the former QB’s role as a league-wide broadcaster.
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Even before NFL owners approved Brady’s purchase, the league placed several restrictions on him as a broadcaster.
As part of those mandates, Brady is not permitted to attend in-person or online broadcast production meetings. He also does not have access to team facilities, players, or coaches.
The former quarterback also must follow along with league rules that prohibit public criticism of officials and other clubs. But even with his new title as minority owner of the team, Brady will be allowed to broadcast Raiders games.
This is not the first time that Brady has purchased a stake in a team in Las Vegas. He was approved to purchase a minority stake in the WNBA’s Las Vegas Aces in October 2023.
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