Brady: Agreement with Las Vegas Raiders to Become Minority Owner
Former NFL quarterback Tom Brady has reportedly reached an agreement with Las Vegas Raiders owner Mark Davis to become a minority stakeholder in the franchise.
The agreement, which still requires approval from league owners, would make Brady one of three NFL players in history to have an ownership stake in the league.
“We have come to an agreement for Tom Brady to become a partner in the Raiders, and we have submitted it to the NFL for approval,” Davis said in a statement. Brady, 45, retired earlier this year following 23 seasons as an NFL quarterback with the New England Patriots and Tampa Bay Buccaneers.
He won seven Super Bowls during his time as a player and would require an endorsement from 3/4 of the league‘s franchises if he ever wants to come out of retirement. Brady vowed in February that his retirement “for good.”
“I‘m not sure we‘ve seen anything like this before in the sport‘s history,” said NFL reporter Paul Gutierrez. “Brady is an iconic athlete and will now become a part owner of an NFL team. It‘s a very exciting development.”
Should the deal be approved, it would not affect Brady‘s 10–year, $375 million contract with Fox, where he is set to become an analyst in 2023. While Brady‘s ownership stake could spark some conflict–of–interest issues with Fox if he calls games with outcomes relevant to the Raiders, the broadcasting network has reportedly “blessed“ his desire to take a stake in the team.
“This is a remarkable moment in Tom Brady‘s career and a testament to his success as an NFL quarterback,” wrote Gutierrez. “He will remain an iconic figure in the sport‘s history and now have the chance to put his own mark on it from within the ownership ranks.”
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