Tom Brady's 10% ownership stake in Las Vegas Raiders nearing approval as broadcasting career begins

Tom Brady nears approval for a 10% ownership stake in the Las Vegas Raiders as he prepares for his broadcasting debut.

NFL legend and FOX broadcaster Tom Brady is close to finalizing his purchase of a 10% stake in the Las Vegas Raiders. According to sources, league ownership could approve Brady’s limited partnership as early as October, with a final decision potentially delayed until the December labor seminar and Special League Meeting. The approval process, which has been under review by the NFL’s finance committee, is expected to be completed by the end of the 2024 season.

Brady, who initially expected the deal to be finalized in May 2023, faced delays due to questions over the valuation of his ownership share. In February 2024, the price Brady would pay was adjusted to align with the market value, and by March, NFL Commissioner Roger Goodell stated the process was "progressing."

Raiders owner Mark Davis declined to comment on the pending deal but expressed excitement for the team’s season opener. Sources familiar with the situation revealed that key issues, including valuation and Brady’s role as a FOX broadcaster, have been resolved, clearing the way for the ownership vote, which requires approval from three-fourths of NFL owners.

Brady’s new role as a Raiders owner will impose restrictions on his broadcasting duties for FOX. He will not be allowed access to other teams' facilities, practices, or production meetings. Additionally, Brady will be barred from criticizing officials during broadcasts. Despite the restrictions, Brady has reportedly spent the past year honing his broadcasting skills in anticipation of his on-air debut alongside Kevin Burkhardt for the Cowboys-Browns game.