In a major development, Tom Brady has been officially approved as a minority owner of the Las Vegas Raiders. The move follows a year of waiting for NFL owners’ approval of Brady’s bid, first made in March 2023. Despite initial concerns, the seven-time Super Bowl champion is now part of the Raiders’ ownership. Source: Newsweek.
What We Know
- Tom Brady submitted his bid to purchase a minority stake in the Las Vegas Raiders in March 2023. The bid faced delays as NFL owners raised concerns about potential conflicts between Brady’s role as an NFL analyst and a team owner.
- Brady’s approval as a minority owner was granted during the NFL owners’ fall meeting on October 15, 2024. He joins Tom Wagner, co-founder of Knighthead Capital Management, who purchased a 10% stake in the team.
- Restrictions will be placed on Tom Brady, limiting his access to certain NFL facilities and practices to prevent potential bias as an owner-analyst, particularly during broadcast production meetings and game insights.
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