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       lite.cnn.com - on gopher - inofficial
       
       
       ARTICLE VIEW: 
       
       Tom Brady joins Las Vegas Raiders ownership group
       
       By Kevin Dotson, CNN
       
       Updated: 
       
       3:29 AM EDT, Wed October 16, 2024
       
       Source: CNN
       
       Seven-time Super Bowl champion has joined the ranks of team owners
       after his purchase of a minority share of the Las Vegas Raiders, the
       NFL has announced.
       
       Brady’s purchase, which the Associated Press reports is for a 5%
       ownership stake in the franchise, was approved Tuesday at a meeting of
       NFL owners in Atlanta.
       
       “I’m incredibly humbled and excited to have been unanimously
       approved as an owner of the Las Vegas Raiders,” Brady said in a on
       social media.
       
       “I’m eager to contribute to the organization in any way I can,
       honoring the Raiders’ rich tradition while finding every possible
       opportunity to improve our offering to fans… and most importantly,
       WIN football games.”
       
       NFL Commissioner Roger Goodell welcomed Brady’s investment at the
       Fall League Meeting on Tuesday in Atlanta.
       
       “It’s great that Tom Brady wants to invest in the NFL,” Goodell
       told reporters. “He cares deeply about this game. He believes in its
       future, and I think that’s just a signal of that.”
       
       The purchase was first reported nearly , but required the approval of
       at least three quarters of the league’s owners to become official.
       Multiple media outlets reported that the approval was delayed due to
       questions about the valuation of Brady’s share of the club as well as
       concerns about Brady’s role as a broadcaster for FOX.
       
       Unlike other game broadcasters, Brady will be restricted from attending
       “in-person or online broadcast production meetings and may not have
       access to team facilities, players or coaches,” according to the AP.
       Brady will reportedly be prohibited from publicly criticizing officials
       and other teams, but is allowed to broadcast Raiders games.
       
       Brady is in his first season as a commentator on FOX’s marquee
       broadcast team after his retirement following the 2022 NFL season.
       
       Brady’s purchase agreement also prohibits the 47-year-old from
       returning to the NFL as a player unless he sells his share of the team
       first, per the AP.
       
       During his 23-year playing career, the future hall of famer set almost
       every passing record, including regular season passing yards (89,214)
       and passing touchdowns (649). Brady was league MVP three times and
       amassed the most wins of any player in NFL history (251).
       
       The purchase agreement with the Raiders is the second partnership
       between Brady and Raiders owner Mark Davis. In March 2023, it was
       announced that Brady had acquired an ownership stake in the WNBA’s
       Las Vegas Aces, also owned by Davis.
       
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