Tom Brady and the Las Vegas Raiders agreed Monday to terms that would give way to the legendary quarterback having a minority ownership stake in the team.
Brady’s big business move was the day’s topic on Monday afternoon. Albert Breer of Sports Illustrated tweeted, “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.”
So the NFL will have to approve the deal, and according to Breer, it won’t be on the agenda for the spring meetings. However, “the ball is rolling on it,” said Breer, so it’s likely to go through.
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
Brady made headlines earlier this year when he made another business deal with Raiders owner Mark Davis. The two agreed on a minority stake in Davis’ WNBA franchise, the Las Vegas Aces. The Aces won the 2022 WNBA Championship and featured some of the best players in the league.
And so, the greatest of all time to throw a football moves onto another post-football expedition. Considering that Tom Brady made over $300 million, it’s not surprising that he, like so many other former athletes, is getting into the ownership deal. Even as a minority owner, Brady will no doubt have a face to his name on the deed to the ‘house.’
It also is pretty hilarious that Brady is an owner of the Raiders. The same team, of course, proved to be the biggest fork in the road in Brady’s career after their infamous meeting in the 2001 AFC Divisional Playoffs.
