Legendary quarterback Tom Brady is on track to become a minority owner of the Las Vegas Raiders, with an official approval expected during the upcoming NFL owners’ meeting on Tuesday, according to sources reported by ESPN’s Adam Schefter.
The league’s finance committee has already reviewed and unanimously approved Brady’s bid, and the proposal will now be presented to the NFL’s 32 team owners for a final vote. For Brady to move forward as a minority owner, he will need support from at least 24 of the owners.
Should he receive that backing, he will join an elite group of former NFL players who transitioned into ownership, a club that includes George Halas and Jerry Richardson.
Brady, who has won an unprecedented seven Super Bowl titles throughout his career, is set to acquire a 10% stake in the Raiders. He is partnering with businessman Tom Wagner to purchase the share from current Raiders owner Mark Davis.
RELATED: NFL Owner Reveals He Pursued Tom Brady in 2020
This agreement, initially reached in May 2023, underwent adjustments after the NFL’s financial committee reportedly raised concerns that the original deal might have been undervalued.
The 47-year-old Brady has been keeping busy since his official retirement from football following the 2023 season. He is currently in his first year as an analyst for Fox Sports, after signing a landmark 10-year, $375 million contract with the network.
His foray into the business side of the NFL marks a new chapter in an already illustrious career, as he now looks to make an impact off the field as part of the Raiders’ ownership group.
If all goes as planned, this move will further cement Brady’s legacy in the sport, not only as one of the greatest to ever play the game but also as a savvy businessman with a growing presence in the NFL’s executive ranks.
