Does Tom Brady own the Raiders in Las Vegas? An explanation of the NFL ownership situation
Fans are waiting for a deal to see seven-time Super Bowl champion Tom Brady own a portion of the Las Vegas Raiders, but the transaction is not finalised just yet due to complex NFL ownership regulations.
He confirmed his interest in becoming a minority owner and investor in May of last year, but nothing is official just yet as Brady may be considering other options. Should the agreement proceed, it might come at the expense of his other endorsement agreements.
Brady currently works with BetMGM, but if he ever owns a stake in an NFL team, tight regulations will prevent that relationship from continuing, so Brady will have to make a choice.
The NFL stated in an email to Pro Football Talk: “NFL personnel are prohibited from engaging in, using or permitting the use of one’s name or images in connection with activities or materials that depict, advertise, market or promote any form of gambling, including sports betting.”
Brady could own up to five percent of BetMGM or another betting company if he becomes an owner of the Raiders, even though he can’t help them with endorsements. As the league is not required to disclose the locations in which owners choose to invest their wealth, it is something that all owners can do.
Because of his tight relationship with majority owner Mark Davis, Brady is reportedly still in talks to become a minority owner. In addition to Davis, the former quarterback for the New England Patriots and Tampa Bay Buccaneers owns a tiny stake in the Las Vegas Aces WNBA team.
Rumours that Brady might return as a player would end if he became a part-owner, despite the fact that his investment has been described as “passive.” As per NFL regulations, upon becoming a limited partner of the Raiders, he was not eligible to play again unless he obtained approval for a dual role, which required a vote by the owners of the remaining 31 teams.
Brady did not play in the 2023 NFL season, which is the first NFL season he has missed this century after his second retirement at the end of the 2022 season, despite interest from the San Francisco 49ers last year. At first, he had changed his mind about ending his career at the end of the 2021 campaign.
In addition to his ownership stake in the Aces, Brady also made an investment in a pickleball team. A few months later, he shocked everyone by revealing that he would be a part-owner of Birmingham City FC, an English football team. Since joining in August, he has been spotted at two games.
Brady’s schedule is free for the upcoming 12 months, but after signing with Fox Sports, he is expected to play a significant role as an analyst.
