Tom Brady is approved as part-owner of the Las Vegas Raiders – officially ending his NFL playing career
Tom Brady’s long-awaited bid to become part owner of the Las Vegas Raiders has finally been approved.
The seven-time Super Bowl-winning quarterback initially agreed to become a limited affiliate of the Raiders in May 2023, a few months after ending his storied playing career.
His deal to take a 10 percent stake in the team – which he shares 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 quoted price and new role as an analyst for Fox Sports.
Yet according to NFL insider Ian Rapoportthis week, Brady received official approval from his now co-owners in the league.
The 47-year-old’s minority stake in Las Vegas also confirms the end of his playing career, as the collective bargaining agreement prevents 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.
More to follow.
Tom Brady’s bid to become part owner of the Las Vegas Raiders has finally been approved