Unanimous Approval of Raiders' Approval of Tom Brady's 5% Ownership Stake

The Las Vegas Raiders have unanimously approved Tom Brady as a minority stakeholder, according to NFL owners on Tuesday.

Brady has been given the green light to purchase a 5 percent stake in the franchise, which he had previously discussed with principal owner Mark Davis for 2023.

The NFL fall league meeting in Atlanta was where Brady's bid was on the agenda. He only needed 24 out of the 32 owners to vote in favor of his acquisition. The official NFL vote on Tuesday was 32-0, with Brady's former teammate Richard Seymour also being approved for a 0.5 percent stake in the franchise.

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Seymour expressed his gratitude and honor in becoming an NFL owner through social media, stating that he accepts this mission with purpose and pride. He also pledged to be a responsible steward of the game and all that it entails.

In May 2023, Brady and Tom Wagner, co-founder of Knighthead Capital Management, agreed to purchase around 10 percent of the Raiders from Davis. Brady personally holds 5 percent and is also part of the ownership group for the WNBA's Las Vegas Aces alongside Davis.

There were several obstacles that needed to be addressed, which were discussed behind closed doors at previous league meetings. Some owners were concerned that Davis had given Brady and Wagner too large of a discount, prompting them to alter their offer.

As Brady is currently in the first year of a 10-year, $375 million contract as an analyst for Fox's top broadcast team, some owners were worried about the potential access and insight he would have as a part-owner of a franchise. In response, the NFL has limited Brady's access compared to other analysts. He is not allowed in certain production meetings, team headquarters, or practices.

There may also be an impact on Brady's job as a broadcaster if he is approved. According to ESPN, he is not allowed to publicly criticize game officials or other clubs. Excessive criticism could result in a fine or suspension, and he would also be subject to anti-tampering policies.