WorldOctober 15, 2024
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.
ROB MAADDI, Associated Press
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.
Receive Daily Headlines FREESign up today!
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
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.
Advertisement
Receive Daily Headlines FREESign up today!
