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Tom Brady Unanimously Approved as Raiders Minority Owner, Acquires 5% Stake

Oct 15, 2024, 05:24 PM

Tom Brady has been unanimously approved as a minority owner of the Las Vegas Raiders by NFL owners at the league's fall meeting in Atlanta on Tuesday, October 15, 2024. The vote passed with a 32-0 margin, with the New England Patriots making the first motion to support the vote. The former NFL quarterback is acquiring a 5% stake in the team, with his business partner Tom Wagner purchasing an additional 5%, for a total of approximately 10%. Brady, who also owns a stake in the Las Vegas Aces, is expected to have a prominent voice in the Raiders' football operations. With the approval, Brady's playing career is officially over, as NFL rules prohibit owners from being active players.