NFL approves Tom Brady’s bid to buy stake in Raiders

Aug 26, 2023; Arlington, Texas, USA; Former NFL player Tom Brady before the game between the Dallas Cowboys and Las Vegas Raiders at AT&T Stadium. Mandatory Credit: Kevin Jairaj-USA TODAY Sports

Las Vegas Raider, NV – October 20, 2023 – The NFL has officially approved Tom Brady’s bid to purchase a minority stake in the Las Vegas Raiders. This move marks a new chapter for the legendary quarterback, who retired earlier this year.

 

 

Brady will acquire a reported 10% stake in the franchise, which he expressed enthusiasm about. “It’s an incredible honor to join the Raiders organization,” Brady stated, highlighting his respect for the team’s history and its fans.

 

 

Raiders owner Mark Davis welcomed Brady’s involvement, noting that his experience will be invaluable as the team works to build on its legacy in Las Vegas.

 

 

 

Brady’s acquisition aligns with a growing trend of former athletes becoming team owners, reflecting a shifting dynamic in professional sports. As the Raiders continue their rebuilding efforts under head coach Josh McDaniels, Brady’s presence is expected to bring added attention and insight to the franchise.

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