Tom Brady’s buy of a minority stake of round 5 per cent within the Las Vegas Raiders has been authorized by NFL workforce homeowners.
The seven-time Tremendous Bowl champion, who performed 23 seasons with the Patriots and Buccaneers, takes roughly 5 per cent management of the Raiders.
Brady’s deal was unanimously authorized on the NFL’s annual autumn assembly, with the previous quarterback having wanted to obtain 24 of 32 votes.
The 47-year-old couldn’t now come of out retirement and play once more until he sells his stake within the Raiders.
The deal was initially agreed upon in Might 2023, but it surely took homeowners 17 months to present their approval over issues Brady was receiving an excessive amount of of a reduction from Raiders majority proprietor Mark Davis. Brady’s new job as a broadcaster with Fox additionally was a difficulty as a result of it may signify a battle of curiosity.
The NFL positioned restrictions on Brady earlier than the season to restrict his entry. He’s not permitted to attend manufacturing conferences in particular person or nearly and should not have entry to workforce services or gamers and training personnel. Brady might broadcast Raiders video games. He additionally has to abide by the league structure and bylaws that prohibit public criticism of officers and different golf equipment.
Brady additionally owns a minority stake within the WNBA’s Las Vegas Aces, who’re owned by Davis, whereas in August 2023 the 47-year-old purchased a minority share in soccer membership Birmingham Metropolis, who’re presently prime of League One after relegation from the Championship final season, and is chair of their advisory board.
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Brady additionally owns a stake in Birmingham Metropolis, who lately performed Wrexham, who’re owned by Hollywood stars Ryan Reynolds and Rob McElhenney
Professional Soccer Corridor of Famer Richard Seymour, who performed with Brady at New England, additionally acquired approval to buy a minority stake within the Raiders.
Week Seven begins on Thursday night time when the New Orleans Saints (2-4) meet the Denver Broncos (3-3), stay on Sky Sports activities NFL from 1.15am within the early hours of Friday; Additionally stream with NOW.
