Tom Brady Is Joining a New NFL Team — as an Owner

Tom Brady is headed back to the National Football League (NFL) — as a minority owner.

NFL team owners approved a deal on Tuesday allowing Brady to be a part owner of the Las Vegas Raiders, per Bloomberg.

Brady spent 23 seasons in the NFL, including two decades with the New England Patriots. The Washington Post reported that he first tried to bid on the Raiders in October 2023, but the deal has been tied up in the NFL finance committee. Owners were reportedly concerned that the former QB was getting too big of a discount.

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While Brady is still getting a discount, reports say he and his business partner, Tom Wagner , Knighthead Capital founder, increased their offer. The purchase price has not been disclosed. The deal was approved at the league meeting in Atlanta, with Brady purchasing a 10% stake. The deal needed 24 of 32 team owners to approve it.

"There's a lot of interest from former players," Roger Goodell, the NFL's commissioner, said at the owners meeting in Atlanta. "That's a great thing. They have the financial ability to do it, and they add a lot to ownership."

The Raiders are the NFL's fifth-most valuable franchise, worth $7.8 billion . In 2023, the team earned $780 million in revenue, the third highest in the league, according to CNBC .

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Brady joined Fox Sports in 2022 and signed a 10-year, $375 million deal. In August, the NFL announced several broadcasting restrictions that would take effect should the deal go through, including limited access to team facilities, meetings, players, and coaches. He'd also be banned from criticizing any other teams.

The Raiders are owned by Mark Davis, who also owns the WNBA's Las Vegas Aces . Brady is currently a minority owner of the Aces.