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

Tom Brady is headed backmost to the National Football League (NFL) — arsenic a number owner.

NFL squad owners are reportedly group to o.k. a woody Tuesday that would let Brady to beryllium a portion proprietor of the Las Vegas Raiders, per CNBC.

Brady spent 23 seasons successful the NFL, including 2 decades pinch the New England Patriots. The Washington Post reported that he first tried to bid connected the Raiders successful October 2023, but the woody has been tied up successful the NFL finance committee. Owners were reportedly concerned that the erstwhile QB was getting excessively large of a value discount.

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However, CNBC's sources said owners are expected to approve the woody today astatine the convention gathering successful Atlanta, pinch Brady purchasing a 10% liking successful the Raiders pinch his business partner, Tom Wagner, Knighthead Capital founder. The woody needs 24 of 32 squad owners' support to spell through.

The Raiders are the NFL's fifth-most valuable franchise, worthy $7.8 billion. In 2023, the squad earned $780 cardinal successful revenue, the 3rd highest successful the league, according to CNBC.

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Brady joined Fox Sports successful 2022 and signed a 10-year, $375 cardinal deal. In August, the NFL announced respective broadcasting restrictions that would return effect should the woody spell through, including constricted entree to squad facilities, meetings, players, and coaches. He'd besides beryllium banned from criticizing immoderate different teams.

The Raiders are owned by Mark Davis, who besides owns the WNBA's Las Vegas Aces. Brady is presently a number proprietor of the Aces.