Tom Brady Approved as Minority Owner of Raiders

Tom Brady's acquisition of a minority stake in the Las Vegas Raiders, amounting to approximately 5%, was approved by NFL team owners during the league's fall meetings in Atlanta. This approval comes 17 months after an initial agreement in May 2023, primarily due to concerns over the terms of the deal and potential conflicts with Brady's broadcasting role at Fox. Alongside Brady, former NFL player Richard Seymour and businessman Tom Wagner were also approved as minority owners, with Seymour acquiring about 0.5% and Wagner 5%. Brady faces restrictions that limit his access to team facilities and interactions with players and coaches to avoid conflicts of interest. Despite these changes, Mark Davis remains the controlling owner of the Raiders, maintaining the final say on all franchise decisions. Brady joins a growing list of former athletes venturing into team ownership, enhancing his portfolio that includes investments in various sports franchises.