Brady's Transition to OwnershipBrady's Transition to Ownership
Conflict of Interest ConcernsConflict of Interest Concerns
Richard Seymour's Ownership RoleRichard Seymour's Ownership Role
Brady Joins Raiders Ownership
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velvetecho
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As reported by the Associated Press, NFL team owners have approved Tom Brady's purchase of a minority stake in the Las Vegas Raiders, granting the seven-time Super Bowl champion approximately 5% ownership of the franchise.
Brady's transition from player to owner marks a significant milestone in his post-NFL career. The deal, initially agreed upon in May 2023, faced a 17-month approval process due to concerns over the purchase price and potential conflicts with Brady's broadcasting role12. As part of the agreement, Brady faces certain restrictions:
He cannot attend production meetings or access team facilities for other clubs12.
He must adhere to the league's gambling policy and anti-tampering rules3.
He is subject to fines for criticizing officials or other teams3.
Despite these limitations, Brady's involvement is expected to be substantial, with reports suggesting he will play a significant role in shaping the franchise's football operations3. This move also solidifies Brady's connection to Las Vegas, as he already owns a minority stake in the WNBA's Las Vegas Aces12.
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Conflict of Interest Concerns
Brady's ownership stake in the Raiders raises potential conflict of interest concerns due to his role as a broadcaster for Fox. The NFL placed restrictions on Brady to limit his access, prohibiting him from attending production meetings or accessing team facilities, players, and coaching personnel1. These measures aim to prevent Brady from gaining insider information that could unfairly influence his broadcasting duties. Additionally, Brady must adhere to league bylaws prohibiting public criticism of officials and other clubs1. Such restrictions highlight the complex balance between team ownership and media roles in professional sports, emphasizing the need for clear boundaries to maintain competitive integrity and fairness in the league.
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Richard Seymour's Ownership Role
Richard Seymour, former New England Patriots and Raiders defensive lineman, has also joined the Las Vegas Raiders ownership group alongside Tom Brady. NFL owners unanimously approved Seymour's purchase of a 0.5% stake in the franchise.12 Seymour, a Pro Football Hall of Famer who played with Brady in New England, expressed his gratitude and commitment to his new role, stating, "I'm deeply grateful—humbled and honored—to become a NFL owner. This is the mission of a lifetime, and I accept it with both purpose and pride."32 With this move, Brady and Seymour become the third and fourth former NFL players to transition into team ownership, following in the footsteps of George Halas Sr. and Jerry Richardson.4