Tom Brady: Las Vegas Raiders stake approved for NFL legend

Seven-time Super Bowl winner Tom Brady said he was “incredibly humbled and excited” that the NFL’s team owners had approved his investment in the Las Vegas Raiders.

The former quarterback, who retired for the second time in February 2023 after 23 seasons in the NFL, will take a 5% stake in the Raiders.

“Throughout my NFL career, I’ve learned that at its core, football is a game of teamwork, resilience and a relentless pursuit of excellence,” Brady wrote in a statement.

“The Raiders franchise and the city of Las Vegas embody these same values, and I’m honoured to become part of that story.”

Brady became a minority owner of English football club Birmingham City last year and is also part of the ownership group of the WNBA’s Las Vegas Aces.

He needed 24 votes to get the go-ahead to buy into the Raiders, but NFL owners gave him a unanimous 32-0 approval at a meeting in Atlanta.

“I’m excited to contribute to the organisation in any way I can, honouring the Raiders’ rich tradition while finding every possible opportunity to improve our offering to fans,” added Brady.

“And most importantly, WIN football games.”

Brady also works as a broadcaster on Fox’s NFL coverage, and had restrictions placed on him in terms of access as his deal to buy into the Raiders went through – these will reportedly continue., external

The 47-year-old cannot attend in-person or online broadcast production meetings and is not allowed access to players, coaches or team facilities.

Brady can broadcast on games involving the Raiders but must follow NFL rules which ban criticism of other teams or officials.

“It’s great that Tom Brady wants to invest in the NFL,” said NFL commissioner Roger Goodell.

“He cares deeply about this game, he believes in its future, and I think that’s just a signal about it.”