Tom Brady’s Las Vegas Raiders Minority Ownership Approved

It is official — Tom Brady is getting a chunk of the Las Vegas Raiders!!!

The legendary NFL quarterback’s bid to purchase a minority stake within the franchise was accepted in the course of the league’s fall assembly in Atlanta on Tuesday — securing the minimal 24 votes wanted to push it ahead.

Brady first agreed to terms with Raiders proprietor Mark Davis again in Could 2023 — it was reported on the time he and businessman Tom Wagner can be shopping for a ten% stake within the franchise.

The deal wanted to be fine-tuned, although … because the league’s monetary committee believed the preliminary phrases had been too low-cost.

The possession is anticipated to have an effect on Brady’s new day job … as TB12 — who simply began his 10-year, $375 million broadcasting deal with FOX — will reportedly not be allowed in manufacturing conferences with gamers and coaches, go to different groups’ services or criticize referees throughout video games (amongst different restrictions).

Davis spoke out about bringing Brady on board final yr … saying he was “excited” to welcome him to the Raider household.

The 47-year-old isn’t the primary former athlete to purchase a stake in knowledgeable sports activities group. He joins the likes of Michael Jordan, Alex Rodriguez and Magic Johnson, who’ve all gotten into possession after their enjoying days.