After months of anticipation, Tom Brady’s long-held dream of becoming a part-owner of the Las Vegas Raiders has officially come true.
The former NFL star, who retired in early 2023 after an illustrious career, has now taken a significant step into the business side of the sport.
Brady’s Initial Agreement and Challenges
Back in May 2023, just a few months after his retirement, Brady made headlines by agreeing to purchase a 10% stake in the Raiders.
Teaming up with his business partner, Tom Wagner, Brady aimed to enter the ownership world, but the process wasn’t smooth.
Over the next 17 months, several obstacles delayed the deal, with concerns from NFL owners about the price he was offering and his new role as an analyst for Fox Sports.
Official Approval Finally Granted
This week, NFL insider Ian Rapoport confirmed that Brady’s ownership bid has been approved by his fellow NFL co-owners.
With the green light now in hand, the 47-year-old officially holds a minority stake in the Las Vegas Raiders, marking the definitive end of his playing career.
According to the NFL’s Collective Bargaining Agreement, active players are prohibited from owning any part of an NFL team, which solidifies Brady’s move off the field.
Persistent Comeback Rumors
Even though Brady hung up his cleats over a year and a half ago, rumors about his possible return have swirled continuously.
Most recently, he was linked to a potential comeback with the Miami Dolphins.
However, with his new venture into ownership, it’s safe to say that Brady’s future is firmly rooted in the boardroom rather than on the field.
What’s Next?
With Brady’s part-ownership now confirmed, the question remains: What will his influence on the Raiders look like moving forward?
Football fans everywhere will be watching closely as he transitions into this new phase of his football legacy.
More updates are sure to come.
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