NFL Legend Finalizes Deal To Become Minority Owner Of The Raiders

NFL icon Tom Brady has been keeping busy since his retirement this past offseason. He has reportedly agreed to purchase a minority share of the Las Vegas Raiders, and the deal now been submitted to the NFL league office pending approval, according to Albert Breer of SI.com.

The sale of a minority share of the @Raiders to ex-Patriots and Bucs QB @TomBrady has been agreed to and submitted to the NFL for approval. Won’t be done at the spring meeting but ball is rolling on it.

(Brady is already in business w/Vegas owner Mark Davis, with the WNBA Aces.)
— Albert Breer (@AlbertBreer) May 22, 2023

The sale however will not be approved at the NFL's spring meeting this week in Minneapolis, Breer added.

Brady, who announced his retirement for the second time in back-to-back seasons, has seemingly stepped away for good pending the approval of his bid to own a small stake of the Raiders.

The seven-time Super Bowl champion is looking to open up shop in Las Vegas after he recently purchased a stake in the WNBA's Las Vegas Aces from owner Mark Davis, who is widely known as the majority stake-holder of the Raiders as well.

It is unclear how much of a piece Brady will receive, but even a fraction of ownership will cost him millions of dollars.

Although Brady's playing days seem to be behind him, it is worth mentioning that he was reportedly set to become a partner with the Miami Dolphins in 2022, a deal that would eventually allow him to play for the team behind center. The Dolphins were fined by the NFL last year for tampering with Brady on multiple occasions, which began on August 2019 when he was still a Patriot.