Tom Brady's Bid for Raiders Ownership Advances

Tom Brady is poised to become a minority owner of the Las Vegas Raiders, pending approval at the NFL's fall owners' meeting in Atlanta. The finance committee has unanimously endorsed his bid, requiring approval from 24 of the 32 NFL owners, a process expected to be a mere formality. Brady's agreement to purchase a 10% stake, valued at approximately $470 million, was initially reached in May 2023 but faced delays due to perceived conflicts of interest and undervaluation concerns. If approved, Brady will become only the third former player in NFL history to own a team, following George Halas and Jerry Richardson. In addition to his ownership role, Brady has a lucrative broadcasting contract with FOX and various business ventures. The approval reflects both Brady's high profile and the shifting landscape of athlete ownership in professional sports.