Tom Brady is a significant step closer to NFL ownership.
Las Vegas Raiders owner Mark Davis announced on Monday that he and Brady have reached an agreement for the former quarterback to take a minority stake in the NFL franchise. The agreement will now be sent to the NFL for approval by league owners.
"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,"Terms of the deal were not reported. The agreement will require approval of 23 of the NFL's remaining 31 owners. Any ownership deal requires approval by 3/4 of the league's franchises.in a franchise. Former Baltimore Colts tight end Jerry Richardson was the founding owner of the Carolina Panthers.
Brady retired this offseason following 23 seasons as an NFL quarterback with the New England Patriots and Tampa Bay Buccaneers. He won six Super Bowls with the Patriots and a seventh with the Buccaneers after the 2021 season. Brady's ownership stake would appear to shut the door on any comeback attempts as a player. In the event the 45-year-old wanted to come out of retirement for a second time, he would require approval from 3/4 of the league's franchises to allow him to play for the Raiders. Brady vowed in February that his second retirement announcement
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