Tom Brady's Historic Investment

In a historic move, seven-time Super Bowl champion Tom Brady has officially joined the ranks of NFL team owners by purchasing a 5% minority stake in the Las Vegas Raiders. The NFL confirmed this significant investment during a meeting of team owners in Atlanta, announcing that the deal has been unanimously approved.

Brady's Excitement and Commitment

“I’m incredibly humbled and excited to have been unanimously approved as an owner of the Las Vegas Raiders,” Brady shared on social media. He expressed his eagerness to contribute positively to the organization, honoring the Raiders' storied history while seeking fresh opportunities to enhance the fan experience and, most importantly, clinch more victories on the field.

NFL's Response to Brady's Investment

NFL Commissioner Roger Goodell extended a warm welcome to Brady, emphasizing the importance of his investment in the league. “It’s great that Tom Brady wants to invest in the NFL. He cares deeply about this game. He believes in its future, and I think that’s just a signal of that,” Goodell stated.

Approval Process Delay

This news comes after a lengthy approval process that started over a year ago. The delay was reportedly due to discussions surrounding the valuation of Brady’s share and concerns regarding his dual roles as an NFL team owner and a broadcaster with FOX. Unlike typical game broadcasters, Brady will have certain limitations; he will not be allowed in-person or online access to production meetings and will not have access to team facilities, players, or coaches. However, he will still be able to commentate on Raiders games.

Ownership Clauses

Brady's commitment to the Raiders includes a clause that forbids him from returning as an NFL player while maintaining his ownership stake, ensuring that he won’t be lured back to the field after his retirement following the 2022 season.

Brady's Career Achievements

During his illustrious 23-year career, Brady redefined the quarterback position, holding the all-time records for passing yards (89,214) and touchdowns (649), along with being named league MVP three times and notching a record 251 career wins.

Further Business Ventures

In a further development of his business ventures in Las Vegas, Brady formed a partnership with Raiders owner Mark Davis earlier this year, acquiring a stake in the WNBA team, the Las Vegas Aces, also owned by Davis. This strategic move not only enhances Brady's business portfolio but also signifies his growing influence in sports ownership.

Looking Ahead

With Brady now part of the Raiders organization, fans can expect exciting changes as he works to help enhance the team’s performance and community engagement! Will Brady’s winning mentality translate off the field as well? Keep an eye on this evolving story!