After his bid to join the Las Vegas Raiders is approved, Tom Brady begins his new role with a laundry list of restrictions.
After holding on to his ownership stake for a long time, Ian Rapoport reported that Brady had received official approval from his now co-owners in the league.
Although his ownership wishes have been granted, Brady’s role as lead NFL analyst for Fox Sports was one of the points of contention in the approval process. His position at the network also informed the limitations he faced as co-owner.
Bleacher Report Gridiron reported that Brady is prohibited from accessing another team’s facilities, witnessing practices and attending production meetings virtually and in-person.
Brady is also not allowed to criticize game officials and other clubs. Additionally, he is subject to the NFL’s gambling and anti-tampering policies.
Tom Brady’s bid to own part of the Las Vegas Raiders was finally approved after a long wait
Given his role as an NFL analyst at Fox Sports, Brady’s ownership will be restricted
The seven-time Super Bowl-winning quarterback initially agreed to become a limited affiliate of the Raiders in May 2023 — months after ending his storied playing career.
His deal to take a 10 percent stake in the organization — which he splits down the middle with business partner Tom Wagner — has been delayed for the past seventeen months due to concerns from other NFL owners about his 10-year, $375 million deal with Fox . .
Brady’s minority stake in Las Vegas also confirms the end of his playing career, as the collective bargaining agreement bars active players from investing in or owning NFL teams.
Despite hanging up his boots more than a year and a half ago, he has been regularly linked with a return to the field, most recently with the Miami Dolphins.
Brady owns stakes in three Vegas teams; the Raiders (NFL), Aces (WNBA) and Night Owls (MLP)
Brady’s Raiders deal will now put these rumors to bed as he focuses on his new chapter as a former player, including his broadcast duties at Fox.
The Raiders add another valuable asset to Brady’s impressive business portfolio.
The future NFL Hall of Famer owns interests in the Las Vegas Aces in the WNBA, Birmingham City in the EFL Championship, Las Vegas Night Owls in Major League Pickleball and the E1 Series in electric boat racing.