Legendary quarterback Tom Brady, a seven-time Super Bowl champion, has officially been welcomed by the 32 NFL owners as a minority shareholder of the Las Vegas Raiders, with Mark Davis remaining the majority owner.

The Raiders, one of the most valuable franchises in the NFL, are worth a whopping $6.7 billion. Brady, widely regarded as the greatest player in NFL history, and his partner Tom Wagner have purchased 10% of the Raiders’ shares, with Brady holding a 5% stake.

Former NFL player Richard Seymour was also approved for a small stake in the Raiders, according to the NFL. The deal, which began back in May 2023, was delayed due to Brady’s post-retirement plans. After stepping away from football in 2022, he signed a 10-year, $375 million deal with Fox Sports as their lead analyst. This raised some concerns about a potential conflict of interest, given his new role as a part-owner in the league.

To navigate this, the NFL imposed several restrictions on Brady's new role as a commentator, which kicked off with the 2024 season. Some of these include not attending production meetings in person or virtually and not having access to the team’s facilities, players, or coaches. Additionally, the league emphasized that Brady must abide by the NFL's rules, which forbid public criticism of referees and other teams.

The 15-time Pro Bowler and future Hall of Famer now joins a select group of NFL players who have become team owners. Notable names include George Halas, founder of the Chicago Bears, and Jerry Richardson, founder of the Carolina Panthers, both of whom have passed away.