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Tom Brady Gets Approval to Become Minority Owner of Raiders; chance of 2nd comeback ending
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Tom Brady Gets Approval to Become Minority Owner of Raiders; chance of 2nd comeback ending

After over a year of discussion, Tom Brady is officially a minority owner of the Las Vegas Raiders.

Almost immediately after retiring “for good” in February 2023, the seven-time Super Bowl winner put his hat in the ownership ring.

Mark Davis said he and Brady came to an agreement in May 2023, but there were several stalls.

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Tom Brady and Mark Davis

Las Vegas Raiders owner and managing general partner and Las Vegas Aces owner Mark Davis (L) and Tom Brady smile as they attend Game One of the 2023 WNBA Playoffs Final between the Aces and the New York Liberty at Michelob ULTRA Arena on 8 October (Ethan Miller/Getty Images/Getty Images)

However, Brady received the majority of votes from the other owners in the league to officially join the team.

This ends any chance of a second comeback for Brady as owners cannot play. He was adamant in the past that he was done playing, but now it’s official.

Richard Seymour also joined Brady as minority owner. They join George Halas and Jerry Richardson as the only players to gain ownership in the league. His purchase is for 5% of the team.

Tom Brady red carpet

Tom Brady American former football quarterback during the red carpet ahead of the 2024 Laureus World Sports Awards at Palacio De Cibeles on April 22, 2024 in Madrid, Spain. (Jose Breton/Pics Action/NurPhoto via Getty Images / Getty Images)

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His involvement with sports franchises in the Las Vegas area was already underway following the purchase of a stake in the Las Vegas Aces, the 2022 and 2023 WNBA champions. That acquisition came in March.

Brady was eager to become an NFL owner as he reportedly tried to buy a minority stake in the Miami Dolphins in 2021 when he initially retired from the Bucs before second-guessing that decision. The Dolphins were ultimately hit by the league for engaging in communications they weren’t allowed to have with Brady because he was still under contract with the Bucs when those ownership talks took place.

Tom Brady draws a wall

Tom Brady, winner of the 2024 Laureus Lifetime Achievement Award of the Year, signs the wall at the Montblanc Signing Wall during the Laureus World Sport Awards Madrid 2024 at Palacio de Cibeles on April 22, 2024 in Madrid, Spain. (Juan Naharro Gimenez/Getty Images for Montblanc/Getty Images)

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Brady retired as the NFL’s all-time leader in passing yards, touchdowns and Super Bowl wins. He was inducted into the New England Patriots’ Hall of Fame this summer and began his broadcasting career with FOX at the start of this NFL season.

Fox News’ Scott Thompson contributed to this report.