Report: Tom Brady buying minority stake in Raiders, pending NFL approval
Former New England Patriots quarterback Tom Brady has reportedly agreed to buy a minority stake in the Las Vegas Raiders franchise.
According to SI.com’s Albert Breer, the deal has been submitted to the NFL and will await league approval before moving forward.
ESPN’s Adam Schefter and Seth Wickersham reported a deal between Brady and Raiders owner Mark Davis was in the works for what would be a “passive” role for the former quarterback within the organization. So there are no expectations of Brady having any actual influence over the day-to-day operations of the franchise.
But it does cut him in as a minority owner of an NFL team.
The sale of a minority share of the @Raiders to ex-Patriots and Bucs QB @TomBrady has been agreed to and submitted to the NFL for approval. Won’t be done at the spring meeting but ball is rolling on it.
(Brady is already in business w/Vegas owner Mark Davis, with the WNBA Aces.)
— Albert Breer (@AlbertBreer) May 22, 2023
There’s no reason to think a deal wouldn’t go through considering Brady is already a minority owner in the WNBA’s Las Vegas Aces franchise, which is also owned by Davis.
So it’ll be another business deal featuring an influential NFL owner and the greatest quarterback in NFL history.
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