4:27 pm PT – Tom Brady released a press release about the information… saying he was “extremely humbled and excited” to get unanimous approval from the owners.
“Football has been a part of my entire life growing up in Bay Space, and in some ways my life and football journey have come full circle,” Brady said.
“I grew up in the industry and it is a blessing to know that I will be involved in the best league in the world for the rest of my life,” he added.
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Brady thanked Marcos Davis for bringing him into the Raider family…as well as the NFL commissioner Roger Goodellyour fellow owners and your team for helping you achieve the achievement.
“I am willing to contribute to the community in any way I can, honoring the rich tradition of the Raiders while also exploring every possible opportunity to improve our provision to fans… and most importantly, WIN football games.”
It’s official – Tom Brady is getting a piece of the Las Vegas Raiders!!!
The legendary NFL quarterback’s offer to buy a minority stake in the franchise was accepted during the league’s fall meeting in Atlanta on Tuesday — securing the minimum 24 votes needed to move it forward.
Brady first agreed with phrases with Raiders owner Mark Davis in May 2023 – it was reported at the time that he and manager Thomas Wagner would be purchasing a 10% stake in the franchise.
The deal needed to be tweaked, however… because the league’s finance committee believed the initial terms were too cheap.
It is anticipated that the inauguration will affect Brady’s new day job… as TB12 – who has just begun his 10-year, $375 million broadcast contract with FOX – supposedly it will not be allowed to participate in production meetings with players and coaches, go to other teams’ services or criticize referees during games (among other restrictions).
Davis talked about bringing Brady on board last year … saying he was “excited” to welcome him to the Raider family.
The 47-year-old is not the first former athlete to acquire a stake in a professional sports group. He joins us like Michael Jordan, Alex Rodríguez and Johnson Magic, that everyone took possession of after days of fun.
In addition to the Raiders, Brady has also invested in the Las Vegas Aces, the Birmingham City soccer club, professional pickleball and a group of E1 Series racing boats.
Initially revealed – 1:30 pm PT