In a significant development within the NFL, the ownership stake acquired by Tom Brady in the Las Vegas Raiders has received the green light from team owners during a recent meeting.

The iconic quarterback, celebrated for his seven Super Bowl victories, has transitioned from the field to the ownership realm by securing approximately a 5% stake in the Raiders.

During the league’s annual fall meetings, Brady needed to garner approval from at least 24 of the 32 team owners to finalize the agreement.

Initially, the terms of Brady’s investment were agreed upon in May 2023, but it took owners an extensive period of 17 months to ultimately endorse the deal.

Concerns had been raised about whether Brady was receiving an excessive discount from Mark Davis, the majority owner of the Raiders.

Furthermore, considerations surrounding Brady’s new role as a broadcaster with Fox added to the complexity of the approval process, as there were worries that his broadcasting commitments might lead to a conflict of interest within the organization.

This strategic move reinforces Brady’s enduring presence in the sport, extending beyond his illustrious playing career and into the ownership sector, as he embraces this new chapter with the Raiders.