Former NFL quarterback Tom Brady has officially acquired a 5% stake in the Las Vegas Raiders. NFL team owners approved the deal during their annual meeting after 17 months of discussions. However, there are rules in place to limit Brady's involvement to avoid conflicts with his broadcasting job at Fox Sports, as reported by FOX5 Vegas.
There were concerns that Tom Brady might get a better deal than fair as he transitioned from his long NFL career. His former teammate, Richard Seymour, also secured an ownership stake, though it’s just 0.5%. Seymour shared his feelings about this new role on X, saying, "I'm deeply grateful—humbled and honored—to become [an] NFL owner," as reported by News3LV.
These deals make Brady and Seymour the third and fourth NFL players to become team owners, joining historic figures like George Halas Sr. and Jerry Richardson. This move is expected to boost morale for a franchise that has faced challenges, including its relocation to Las Vegas in 2020.
To ensure fairness, the NFL has established strict rules for Brady. He cannot attend Raiders' production meetings, either in person or online, and his access to team facilities, players, and coaches is limited. However, he can still broadcast Raiders games. Additionally, Brady must avoid publicly criticizing officials or other teams, in line with league rules.
