Tom Brady has one other new position within the NFL: proprietor.
The seven-time Tremendous Bowl champion bought a minority stake within the Las Vegas Raiders, a deal authorised by NFL crew homeowners on Tuesday on the league’s annual fall assembly.
Brady, who performed 23 seasons with the Patriots and Buccaneers, takes 5% management of the Raiders. He wanted to obtain 24 of 32 votes. The 47-year-old Brady can’t come of out retirement and play soccer once more until he sells his stake within the crew.
The deal was initially agreed upon in Could 2023, but it surely took homeowners 17 months to present their approval over issues Brady was receiving an excessive amount of of a reduction from Raiders majority proprietor Mark Davis. Brady’s new job as a broadcaster with Fox additionally was a difficulty as a result of it might characterize a battle of curiosity.
The NFL positioned restrictions on Brady earlier than the season to restrict his entry. He’s not permitted to attend manufacturing conferences in individual or just about and will not have entry to crew amenities or gamers and training personnel. Brady might broadcast Raiders video games. He additionally has to abide by the league structure and bylaws that prohibit public criticism of officers and different golf equipment.
Brady additionally owns a minority stake within the WNBA’s Las Vegas Aces, who’re owned by Davis.
Professional Soccer Corridor of Famer Richard Seymour, who performed with Brady in New England, additionally obtained approval Tuesday to buy a minority stake within the Raiders.
Brady and Seymour are the third and fourth former NFL gamers to change into homeowners after George Halas Sr and Jerry Richardson.
The Raiders haven’t received a Tremendous Bowl since capturing their third title in eight years following the 1983 season. They received their first two championships in Oakland and the final one in Los Angeles. They moved to Las Vegas in 2020 and haven’t received a playoff recreation since dropping the Tremendous Bowl to Tampa Bay on 26 January 2003.
