NFL Owners Approve Tom Brady As Minority Owner Of The Las Vegas Raiders

It has not been an easy go at it for seven-time Super Bowl champion Tom Brady and the Las Vegas Raiders.

The all-time great quarterback came to terms with Raiders owner Mark Davis to buy a portion of the NFL franchise back in March of 2023. It was part of Brady’s venture into the Las Vegas sports scene, including a minority purchase of the WNBA’s Aces from the aforementioned Davis.

As for Brady’s bid on 10 percent of the Raiders, roadblocks became the name of the game. Owners had pushed back against Brady receiving a sweetheart deal from Davis. Meanwhile, the former quarterback’s status as an on-air personality for the NFL on Fox created a whole new issue.

Up until recently, it had not been known whether Brady would receive the support of the 24 owners he needs in order to become a minority stakeholder with the Raiders.

We now have more information on this. Brady was approved as a minority owner of the Raiders during the NFL fall meeting in Atlanta on Tuesday. ESPN’s Adam Schefter had in the recent past reported that this was going to happen.

“The finance committee unanimously approved Brady as minority owner, and no one could recall the last time owners voted against the finance committee's unanimous recommendation, Schefter reported over the weekend.

Forbes’ latest estimate has the Raiders valued at a cool $6.7 billion. Ten percent of that would come in at $670 million. As for Brady, he’s said to be worth $512 million. Hence, having to get someone like businessman Tom Wagner involved in order to complete the transaction. Brady gained a non-controlling five percent stake in the Raiders with other investors getting another five percent.

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Tom Brady Now Minority Owner Of The Las Vegas Raiders

"We're excited for Tom to join the Raiders," Mark Davis said at the time of the initial agreement. "And it's exciting because he will be just the third player in the history of the National Football League to become an owner."

For Brady, this comes as he debuts in the NFL Fox broadcast booth. The network signed Brady to a whopping 10-year, $375 million contract to become an in-game analyst. He debuted in that role back in Week 1, calling the Dallas Cowboys’ road win over the Cleveland Browns.

Brady, 47, has long been interested in the business aspect of football. That was taken to a whole new level when he retired following the 2022 season.

As for the Raiders, adding Brady to their current ownership group provides some viability during troubling times for the organization.

The Raiders find themselves at 2-4 on the season after an ugly home loss to the Pittsburgh Steelers. This is an organization that’s going nowhere fast.

Add in off-field drama surrounding six-time Pro Bowl receiver Davante Adams and that’s magnified further. Adams was just recently traded from the Raiders to the New York Jets.

Brady can’t be expected to change the dynamics in Southern Nevada. Having five percent control of the organization won’t allow him to do that. However, he can play a role in changing the culture for the Silver and Black.

Potential Conflict Of Interest For Tom Brady

As I noted above, Brady received a ton of push back from those around the NFL in his attempt to buy a portion of the Raiders.

Initially, owners were concerned about Brady potentially coming out of retirement. NFL rules clearly prohibit even minority owners from playing football. Now that he has been approved as a minority owner of the Raiders, Brady’s playing days are officially behind him.

More recently, concern over Brady being a minority owner of an NFL franchise while calling games became a major talking point. It’s in this that the league placed restrictions on Brady’s coverage before he made his regular season debut in the broadcast booth last month.

“Brady is not permitted to attend in-person or online broadcast production meetings and may not have access to team facilities, players or coaches. Fox staff is not subject to these limitations,” Associated Press report on Tom Brady. “He also must abide by the league constitution and bylaws that prohibit public criticism of officials and other clubs, but is allowed to broadcast Raiders games.”

Apparently, Brady and Fox are willing to work around these restrictions in order for him to acquire a stake in the Raiders. Whether it causes issues down the road remains to be seen.

Brady’s NFL career began as a member of the New England Patriots all the way back in 2000. He led the team to six Super Bowl titles in 20 seasons before moving on to the Tampa Bay Buccaneers.

The former sixth-round pick from Michigan then led Tampa Bay to a shocking Super Bowl title in his first season with the team before retiring following the 2022 campaign. He’s currently the NFL all-time leader in completions, pass attempts, passing yards and passing touchdowns.

If history has shown us anything, expect Brady to have success in his new role as the Raiders’ minority owner.