Tom Brady Set To Become Minority Stake Owner In Las Vegas Raiders

Since his retirement from active football, Tom Brady has been making big business moves.

The former quarterback's latest investment will see him own a minority stake in Las Vegas Raiders after purchasing a similar stake in the Los Angeles Aces female franchise.

The deal is expected to be approved once the NFL greenlights the arrangement, making Brady the third former football player to own a stake in a franchise.

Read below for more details.

According to Fox Sports, Brady is set to own a minority stake in the American football team, the Las Vegas Raiders. The former NFL star has reportedly reached an agreement with the showrunners, pending approval from the league.

In a statement acknowledging the ongoing deal, controlling owner and managing general partner Mark Davis said the team was "excited" to have Brady be part of the family.

"We have come to an agreement for Tom Brady to become a partner in the Raiders, and we have submitted it to the NFL for approval," he said. "We're excited for Tom to join the Raiders."

Details on the amount Brady will pay are still unknown. However, the former football quarterback will reportedly only have "passive" involvement in the franchise, implying that he wouldn't be involved in its day-to-day running.

A final vote by the franchise's board members is yet to take place, as it appears they are waiting for the green light from the NFL.

All things being equal, the purchase will make Brady the third former player in the league's history to hold ownership in a franchise, a record previously shared by George Halas and Jerry Richardson.

He would also see a slew of familiar faces at the Raiders, with the team's second-year head coach, Josh McDaniels, topping the list.

Daniels served as Brady's offensive coordinator during his stint with the New England Patriots from 2006 to 2008 and 2012 to 2015.

Other former Patriots currently in the Raiders include general manager Dave Ziegler, quarterbacks Jimmy Garoppolo and Brian Hoyer, edge rusher Chandler Jones, running back Brandon Bolden, fullback Jakob Johnson, and wide receivers Jakobi Meyers and Phillip Dorsett.

Earlier in the year, it was announced that Brady had also acquired an ownership stake in the WNBA's Las Vegas Aces, a franchise also owned by Davis.

"I am very excited to be part of the Las Vegas Aces organization," Brady said at the time in a statement, per CNN.

The seven times Super Bowl winner also remarked that he had always been "a huge fan of women's sports" before heaping praise on the work being done at the Aces.

He added, "I admire the work that the Aces' players, staff, and the WNBA continue to do to grow the sport and empower future generations of athletes. To be able to contribute in any way to that mission as a member of the Aces organization is an incredible honor."

The former NFL star went on to say his older sisters inspired his love for women's sports, describing them as "by far the best athletes in our house!"

Since retiring from active football, Brady has been making moves on the business side, bagging massive deals, including a 10-year, $375 million contract to broadcast NFL games with Fox.

Due to start in 2024, the deal will reportedly not affect his minority stake purchase in the Las Vegas Raiders, as the network has no qualms about Brady's involvement with the franchise, per ESPN.

Brady is also in the clear regarding the NFL policy on whether there is a conflict of interest. A rule says a person can have club ownership or be a part owner except if they are a showrunner at a media company and might impact broadcast rights negotiations.

Per the arrangement, Brady will take over as Fox's top game analyst and act as an ambassador for client and marketing campaigns.