Tom Brady continues to make big plays in retirement.
His latest football outburst comes on the business side, as the 45-year-old agreed to buy a minority stake in the Las Vegas Raiders this week.
“We have reached an agreement for Tom Brady to become a partner of the Raiders and have submitted it to the NFL for approval,” team owner Mark Davis said in a statement Monday. “We are excited to have Tom join the Raiders.”
A report released last week detailing the ongoing discussions stated that Brady’s involvement with the franchise would be “passive” and that he would have no “operational control or authority over the club in business or football matters.”
Brady previously purchased a stake in the Las Vegas Aces in March 2022. If approved, he would become the third former player to take ownership of a team, joining George Halas and Jerry Richardson. Raiders head coach Josh McDaniels and GM Dave Ziegler previously worked in New England and have relationships with Brady.
The sale has not yet been voted to approve. Owners meetings will take place this week, but they are not expected to decide on the issue then, according to reports.
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