Tom Brady is joining the National Football League ownership ranks, finalizing a deal to purchase a minority stake of the Las Vegas Raiders ahead of the start of his contract with FOX Sports.
Brady agreed to the deal with Raiders owner Mark Davis but is still focused on joining FOX Sports at the onset of the 2024 season. He reportedly received permission from FOX to explore a deal and is only expected to have “passive” involvement regarding the team.
The NFL has a policy prohibiting team ownership when one is employed by a media outlet. However, it only applies to those in positions of authority. Since Brady would be a color commentator, albeit in the network’s lead broadcasting booth, it is not expected to constitute a violation.
He had previously explored ownership endeavors with the Miami Dolphins and recently became a minority owner of the WNBA’s Las Vegas Aces. If the deal involving Brady was to be approved by the league, he would add a piece of another Las Vegas sports team to his portfolio.
Tom Brady is expected to join FOX Sports in the midst of its 11-year media rights agreement with the NFL for a reported $2 billion annually, although some question whether or not he will go through with his plan to work in sports media.
Brady played 23 seasons in the NFL and won seven Super Bowl championships as a member of the New England Patriots and Tampa Bay Buccaneers. He will be honored for his illustrious career by the New England Patriots at their home opener.
