Tom Brady can officially add NFL owner to his already impressive resume.
The seven-time Super Bowl champion quarterback’s stake in the Raiders as part of a group that includes Knighthead Capital co-founder Tom Wagner was approved by the league owners at their fall meetings on Tuesday.
Brady, 47, holds a five percent portion of the group’s 10 percent stake in the Las Vegas club, according to NFL Network’s Ian Rapoport.
“I’m incredibly humbled and excited to have been unanimously approved as an owner of the Las Vegas Raiders. Throughout my NFL career, I’ve learned that at its core, football is a game of teamwork, resilience, and a relentless pursuit of excellence. The Raiders franchise, and the city of Las Vegas embody these same values, and I’m honored to become part of that story,” Brady said in a statement posted to social media.
“Football has been part of my entire life growing up in the Bay Area and in so many ways, my football life and journey has come full circle. I love the sport, I love my teammates, coaches, and the fans in every organization I’ve been part of. Sports brings us together in a way nothing else can. I grew up on the field, and it’s a blessing to know I’ll be involved in the greatest league in the world for the rest of my life.
“I’d like to thank Mark Davis for welcoming me into his family, and the tireless work he’s done to help build on the organization that so many fans know and love today. Also thank you to Commissioner (Roger) Goodell for his support as well as all the NFL owners that supported my dream — I’m forever grateful. I’d also like to thank my partner Tom Wagner, Don Yee Jim Gray, Alex Spiro and Larry Delson as they have been instrumental in helping me achieve this incredible milestone
I’m eager to contribute to the organization in any way I can, honoring the Raiders` rich tradition while finding every possible opportunity to improve our offering to fans… and most importantly, WIN football games #JustWinBaby #LFG.
Brady and Wagner will pay around a $3.5 billion valuation for their piece of the team and an approximately $220 million equity investment, according to CNBC.
The duo will also be charged a 10 percent “flip tax” that gets divvied up among the other 31 NFL teams.
Richard Seymour, the former Patriots and Raiders defensive lineman, also bought a less than 1 percent stake in Las Vegas ($3.5 billion valuation) in a separate transaction, according to the outlet.
The current Fox Sports NFL analyst agreed to the initial deal with Raiders owner Mark Davis in May 2023, but adjustments had to be made after the league’s financial committee believed the sale offer was at a discounted price.
Brady, who retired from the field in 2023, is not permitted to play in the league while being a team owner.
Davis was asked by reporters Tuesday about Brady’s potential role with the franchise.
It’s kind of putting the cart before the horse. We kind of wanted to get to this point first before we started defining anything of that nature and all that. But it’s just exciting,” Davis said. “The Las Vegas Raiders traded Davante Adams for Tom Brady and a third-round pick. Although Tom can’t play, I think he can help us select a quarterback in the future and potentially train him as well.”
He already owns a piece of Las Vegas Aces, Birmingham City soccer club, a Major League Pickleball expansion team and an E1 Series race boat team.
The completion of the sale will likely put severe restraints on Brady’s ability to do his day job as Fox’s top analyst sitting next to play-by-play man Kevin Burkhardt.
Brady, who signed a 10-year deal with Fox Sports worth $375 million, reportedly will not be permitted to be in another team’s facility, witness practice or attend broadcast production meetings in any way.
He would also be prohibited from publicly criticizing game officials and other teams.
Sources told The Post’s Ryan Glasspiegel in August that Fox officials are not concerned “at all” by the potential restrictions.
Brady and Seymour is just the third and fourth players in NFL history to become an owner, joining George Halas (Bears) and Jerry Richardson (Panthers).
“I’m deeply grateful — humbled and honored — to become a NFL owner,” Seymour posted to X. “This is the mission of a lifetime, and I accept it with both purpose and pride. With great opportunity comes great responsibility. And I pledge to be a worthy steward of our game — and all it makes possible.”
