After getting his bid to own part of the Las Vegas Raiders approved, Tom Brady heads into his new role with a laundry list of restrictions.
Following a long hold on his ownership stake, Ian Rapoport reported that Brady was granted official approval by his now co-owners in the league.
While his ownership wishes have been granted, Brady’s role as the lead NFL analyst for Fox Sports was one of the points of contention in the approval process. His position with the network was also the basis of the limits he’s faced with as a co-owner.
Bleacher Report Gridiron reported that Brady is prohibited from accessing another team’s facility, witnessing practice, and attending broadcast production meetings virtually and in person.
Brady is also not permitted to criticize game officials and other clubs. Furthermore, he is subject to the NFL’s gambling and anti-tampering policies.
Tom Brady’s bid to own part of the Las Vegas Raiders was finally approved after a long hold
Given his role as an NFL analyst on Fox Sports, Brady’s ownership will be met with restrictions
The seven-time Super Bowl-winning quarterback initially agreed to become a limited partner of the Raiders in May 2023 – months after calling time on his legendary playing career.
His deal to take a 10 percent stake in the organization – which he is splitting down the middle with business partner Tom Wagner – was held up over the last 17 months amid concerns from other NFL owners over his 10-year, $375million deal with Fox.
Brady’s minority stake in Las Vegas also confirms the end of his playing career, given active players are prevented from investing in or owning NFL teams by the Collective Bargaining Agreement.
Despite hanging up his cleats over 18 months ago, he has been frequently linked with a return to the field, most recently with the Miami Dolphins.
Brady owns stakes in three Vegas teams; the Raiders (NFL), Aces (WNBA) and Night Owls (MLP)
Brady’s Raiders deal will now put those rumors to bed as he focuses on his new chapter as a former player, including his broadcasting duties with Fox.
The Raiders add another valuable item 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, Las Vegas Night Owls in the Major League Pickleball, and the E1 Series in Electric boat racing.
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