NFL team owners approve Tom Brady's purchase of minority stake in Las Vegas Raiders

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NFL team owners approve Tom Brady's purchase of minority stake in Las Vegas Raiders
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Tom Brady’s purchase of a minority stake in the Las Vegas Raiders has been approved by NFL team owners.

Former NFL quarterback and seven-time Super Bowl champion Tom Brady is now a minority stakeholder for the Las Vegas Raiders. NFL team owners approved Brady’s bid on Tuesday. Brady owns approximately 5% control of the Raiders after receiving 24 of the 32 votes needed. The 47-year-old Brady can't come of out retirement and play football again unless he sells his stake in the team.

Brady’s new job as a broadcaster with Fox also was an issue because it could represent a conflict of interest.The NFL placed restrictions on Brady before the season to limit his access. He is not permitted to attend production meetings in person or virtually and may not have access to team facilities or players and coaching personnel. Brady may broadcast Raiders games. He also has to abide by the league constitution and bylaws that prohibit public criticism of officials and other clubs.

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