Tom Brady's purchase of a minority stake in the Las Vegas Raiders is approved by NFL team owners

ATLANTA (AP) — Tom Brady's purchase of a minority stake in the Las Vegas Raiders was approved by NFL team owners on Tuesday.

The seven-time Super Bowl champion, who played 23 seasons with the Patriots and Buccaneers, takes approximately 5% control of the Raiders. Brady needed to receive 24 of 32 votes, which happen at the league’s annual fall meetings.

The deal was initially agreed upon in May 2023 , but it took owners 17 months to give their approval over concerns Brady was receiving too much of a discount from Raiders majority owner Mark Davis. Brady’s new job as a broadcaster with Fox also was an issue because it could represent a conflict of interest.

___

AP NFL: https://apnews.com/hub/nfl