Tom Brady gets approval to become minority owner of Raiders; chances of 2nd comeback end
Tom Brady was in discussion nearly 18 months ago
After well over a year of discussion, Tom Brady is officially a minority owner of the Las Vegas Raiders.
Almost immediately upon retiring "for good" in February 2023, the seven-time Super Bowl winner put his hat in the ownership ring.
Mark Davis said he and Brady came to an agreement in May 2023, but there were several stalls.
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Las Vegas Raiders owner and managing general partner and Las Vegas Aces owner Mark Davis (L) and Tom Brady laugh as they attend Game One of the 2023 WNBA Playoffs finals between the Aces and the New York Liberty at Michelob ULTRA Arena on October 08, (Ethan Miller/Getty Images / Getty Images)
However, Brady got the majority vote of the other owners in the league to officially join the team.
This does end any chance at a second comeback for Brady, as owners are not able to play — he had been adamant he was done playing in the past, but now, it's official.
Richard Seymour also joined Brady as a minority owner. They join George Halas and Jerry Richardson as the only players to become owners in the league. His purchase is for 5% of the team.
Tom Brady American former football quarterback during the red carpet prior Laureus World Sports Awards 2024 at Palacio De Cibeles on April 22, 2024 in Madrid, Spain. (Jose Breton/Pics Action/NurPhoto via Getty Images / Getty Images)
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His involvement in sports franchises in the Las Vegas area was already underway after purchasing a stake in the Las Vegas Aces, the 2022 and 2023 WNBA champions. That acquisition came in March.
Brady has been wanting to get into NFL ownership, as he reportedly attempted to purchase a minority stake in the Miami Dolphins in 2021 when he initially retired from the Bucs before second-guessing that decision. The Dolphins were eventually hit by the league for engaging in communications they weren’t allowed to have with Brady, as he was still under contract with the Bucs when those ownership talks occurred.
Tom Brady winner of the Laureus Lifetime Achievement Award of the Year 2024 signs the wall at the Montblanc Signing Wall during the 2024 Laureus World Sport Awards Madrid at Palacio de Cibeles on Abril 22, 2024 in Madrid, Spain. (Juan Naharro Gimenez/Getty Images for Montblanc / Getty Images)
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Brady retired as the NFL's all-time leader in passing yards, touchdowns, and Super Bowl wins. He was inducted into the New England Patriots' Hall of Fame over the summer and began his broadcasting career with FOX at the start of this NFL season.
Fox News' Scott Thompson contributed to this report.