Sport

Tom Brady Takes on New Role as Minority Owner of Las Vegas Raiders

2024-10-16

Author: Chun

Tom Brady Takes on New Role as Minority Owner of Las Vegas Raiders

In a groundbreaking move, seven-time Super Bowl champion Tom Brady has officially become part of the NFL ownership circle by purchasing a minority stake in the Las Vegas Raiders. The NFL confirmed this significant development, revealing that Brady’s investment consists of a 5% share in the franchise, which was greenlit by team owners during a recent meeting in Atlanta.

In a heartfelt message shared on social media, Brady expressed his gratitude and excitement: “I’m incredibly humbled and excited to have been unanimously approved as an owner of the Las Vegas Raiders. I’m eager to contribute to the organization in any way I can, honoring the Raiders’ rich tradition while finding every possible opportunity to improve our offering to fans… and most importantly, WIN football games.”

NFL Commissioner Roger Goodell welcomed Brady's entry into ownership, noting, “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.”

The announcement of Brady's ownership stake had been anticipated for over a year and a half, with the delay stemming from the need for three-quarters approval from the league’s owners as well as discussions about the valuation of his share and his role as a broadcaster for FOX. Unlike other commentators, Brady will face certain restrictions, such as limited access to team facilities and prohibitions on interacting with players and coaches in a professional capacity.

Currently, Brady is embarking on his first season as a commentator on FOX’s leading broadcast team following his retirement from professional football after the 2022 NFL season. His broadcasting career will come with its own set of rules, including a ban on publicly criticizing game officials and other teams, although he is allowed to cover Raiders games.

Importantly, Brady’s ownership agreement stipulates that he cannot return to play in the NFL while holding his stake in the team, a clause that underscores the seriousness of both his broadcasting commitment and ownership responsibilities.

As a legendary figure in the NFL, Brady's playing career spanned 23 years, during which he shattered numerous records, including the highest passing yards (89,214) and touchdowns (649) in league history. With three MVP awards and a record-setting 251 wins, he is poised to bring a wealth of knowledge and experience to the Raiders' organization.

This new chapter marks another collaboration between Brady and Raiders owner Mark Davis, as the two have previously partnered when Brady acquired an ownership interest in the WNBA's Las Vegas Aces in March 2023. Fans are left to wonder how Brady’s influence will reshape the Raiders and potentially impact the future of the franchise in the NFL landscape.

Stay tuned, as the saga of Tom Brady as an owner continues to unfold! Will he leverage his winning mentality to transform the Raiders into champions? Only time will tell!