After his bid to own part of the Las Vegas Raiders was approved, Tom Brady assumes his new role with a long list of restrictions.
After a lengthy check on his ownership stake, Ian Rapoport reported that Brady has received official approval from his now league co-owners.
While his ownership wishes have been granted, Brady’s role as lead NFL analyst for Fox Sports was one of the points of contention in the approval process. His position in the chain was also the basis for the limits he faces as a co-owner.
Bleacher Report Gridiron reported that Brady is prohibited from accessing another team’s facilities, attending practices and attending broadcast production meetings virtually and in person.
Brady is also not allowed to criticize game officials or other clubs. Additionally, you are subject to the NFL’s gaming and anti-tampering policies.
Tom Brady’s bid to own part of the Las Vegas Raiders finally approved after a long delay
Given his role as an NFL analyst on Fox Sports, Brady’s ownership will face restrictions
The seven-time Super Bowl-winning quarterback initially agreed to become a limited partner of the Raiders in May 2023, months after ending his legendary playing career.
His deal to take a 10 percent stake in the organization, which he is splitting in half with business partner Tom Wagner, has been delayed for the past 17 months amid concerns from other NFL owners about their 10-year deal. and 375 million dollars with Fox. .
Brady’s minority stake in Las Vegas also confirms the end of his playing career, as the Collective Bargaining Agreement prevents active players from investing in or owning NFL teams.
Despite hanging up his cleats more than 18 months ago, he has frequently been linked with a return to the field, most recently with the Miami Dolphins.
Brady owns stakes in three Las Vegas teams; the Raiders (NFL), Aces (WNBA) and Night Owls (MLP)
Brady’s deal with the Raiders will now put those rumors to rest as he focuses on his new chapter as a former player, including his broadcast duties with Fox.
The Raiders add another valuable element to Brady’s impressive business portfolio.
The future NFL Hall of Famer owns stakes in the Las Vegas Aces in the WNBA, Birmingham City in the EFL Championship, the Las Vegas Night Owls in Major League Pickleball and the E1 Series in electric boat racing.