.Tom Brady has another brand new part in the NFL: owner.The seven-time Super Bowl champion bought a minority stake in the Las Vegas Raiders, an offer all permitted through NFL staff proprietors on Tuesday at the organization's annual fall meeting.In a prolonged declaration on X, Brady said he was "surprisingly brought down and also thrilled" to get approval.
" I aspire to bring about the association by any means I can, recognizing the Raiders' abundant tradition while locating every feasible option to boost our delivering to supporters ... and also very most importantly, succeed football games," Brady posted.Tom Brady, past NFL quarterback, searches before the Detroit Lions play the Dallas Cowboys at AT&T Stadium on October 13, 2024 in Arlington, Texas.
Getty Images.Brady additionally thanked Raiders majority proprietor Sign Davis, NFL Roger Goodell and others.
" It is actually an impressive day for the Looter organization," Davis mentioned. "Although Tom can't participate in, I assume he may help us pick a quarterback down the road and potentially educate him also." Brady, who participated in 23 times with the Patriots and also Buccaneers, takes 5% control of the Raiders. He needed to have to receive 24 of 32 votes. The 47-year-old Brady can not come of out retirement and play once more unless he sells his concern in the staff." It's excellent that Tom Brady would like to purchase the NFL," Goodell mentioned. "He cares deeply regarding this game. He cares about its own future as well as I think that's merely an indicator of that." The package was originally set in May 2023, however it took managers 17 months to offer their confirmation over issues Brady was actually acquiring excessive of a price cut coming from Davis. Brady's new job as a journalist with Fox likewise was a problem since it could stand for a dispute of rate of interest.
" There were actually a lot of factors coming from a structural as well as due carefulness viewpoint that had to take place, which is why it took so long for it to be accepted and also our company lastly received the only thing that closed," Chiefs manager Clark Hunt said.The NFL positioned stipulations on Brady just before the time to confine his access. He is actually not permitted to participate in creation appointments personally or even practically as well as may certainly not have accessibility to crew resources or even gamers and also training workers. Brady may broadcast Raiders games. He also needs to comply with the organization constitution and bylaws that prohibit public criticism of authorities and also other clubs.Brady likewise owns a minority stake in the WNBA's Las Vegas Aces, who are actually owned through Davis.Pro Football Venue of Famer Richard Seymour, that enjoyed with Brady in New England, also acquired approval Tuesday to acquire a minority risk in the Raiders." This is the goal of a lifetime, and also I allow it with each objective as well as satisfaction," Seymour uploaded on X. "Along with wonderful chance happens excellent responsibility. And I pledge to be a worthy steward of our video game-- plus all it makes possible." Brady and also Seymour are the fifth as well as sixth former NFL players to become proprietors after George Halas Sr., Jerry Richardson, Warrick Dunn as well as John Stallworth.Davis joked that he really did not such as Brady significantly when he was a challenger but he strove to sign him as a freelance in 2020 before the 15-time Pro Bowl QB went to Tampa florida Gulf.
" We are actually definitely proud to possess him as portion of the organization," Davis stated. "He is actually a competition, he's a vivid young man. There is actually just so lots of pluses for each edges. It is actually fantastic." The Raiders have not won a Super Bowl given that catching their third title in eight years complying with the 1983 period. They won their very first two champions in Oakland and the last one in Los Angeles. They moved to Las Vegas in 2020 as well as haven't succeeded a playoff game given that missing the Super Bowl to Tampa Florida Gulf on Jan. 26, 2003.
Extra coming from CBS Headlines.