Former New England Patriots and Tampa Bay Buccaneers quarterback Tom Brady has agreed to buy a small ownership share in the Las Vegas Raiders, per MMQB’s Albert Breer. The NFL must still approve the sale of ownership shares, which will not occur during the Spring League Owner’s Meeting in May.
Tom Brady Agrees to Raiders Ownership Share — What’s Next?
Ownership in one franchise precludes ownership in another franchise, per NFL rules — though Brady is free to sell shares of the Raiders if he wanted to pursue a stake in a different NFL franchise, as Josh Harris will do with his shares in the Pittsburgh Steelers if the NFL agrees to his decision to purchase the Washington Commanders alongside an ownership group.
Mark Davis will remain the majority owner of the Raiders and will represent the Raiders in all league affairs. Brady had already entered into an ownership agreement for the Las Vegas Aces with Mark Davis, where Brady also owns a minority share.
An ownership share would prevent Brady from being able to “unretire” a second time and pursue a contract with an NFL team but should not prevent his ability to enter into a contract with a network to work as a broadcaster, though his conflict of interest should be made clear whenever he’s on air.
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Brady is pivotal to one of the central moments in modern Raiders history, preventing their first potential Super Bowl appearance in the Rich Gannon era by way of the infamous “Tuck Rule Game” during the 2001 postseason, setting up his first Super Bowl appearance and win over the St. Louis Rams.
The Raiders would go on to make the Super Bowl the next year, losing to former Raiders head coach Jon Gruden, who they traded away to the Super Bowl-winning Buccaneers.