Tom Brady Joins Las Vegas Raiders as Minority Owner .Linh

Even after his retirement, Tom Brady continues to be the talk of the NFL.

According to reports from NFL.com, NBC Sports, and Yahoo Sports, the former quarterback, who is now an NFL broadcaster at Fox Sports, has become a part-owner of the Las Vegas Raiders after his stake in the team was unanimously approved by NFL owners at the league’s fall meetings in Atlanta on Tuesday, Oct. 15.

Yahoo Sports reports that Brady, 47, acquired a 10% stake in the Raiders along with Knighthead Capital co-founder Tom Wagner and former New England Patriots teammate Richard Seymour. Brady personally holds a 5% stake, per NFL.com.

“It’s great that Tom Brady wants to invest in the NFL. He cares deeply about this game. He believes in its future, and I think that’s just a signal of that,” said NFL Commissioner Roger Goodell at Tuesday’s meeting, according to NFL.com.

Brady confirmed the news by sharing a statement on Tuesday afternoon on his social media accounts.

“I’m incredibly humbled and excited to have been unanimously approved as an owner of the Las Vegas Raiders. Throughout my NFL career, I’ve learned that at its core, football is a game of teamwork, resilience, and a relentless pursuit of excellence. The Raiders franchise, and the city of Las Vegas embody these same values, and I’m honored to become part of the story,” his statement said.

The news comes over a year after it was reported that Brady was “in deep discussions” to become a limited partner of the Raiders, which Mark Davis owns.

Davis also owns the WNBA’s Las Vegas Aces, which Brady acquired an ownership interest in back in March 2023 and was approved that October.

Brady made his broadcasting debut early in September during the Dallas Cowboys’ 33-17 win over the Cleveland Browns.

His transition into the broadcasting booth came almost a year and a half after he announced in February 2023 that he was retiring “for good” after seven Super Bowl wins and 23 seasons in the NFL, where he played with the Patriots and Tampa Bay Buccaneers.

While discussing his transition off the field, Brady told PEOPLE in September, “It was good to take some time off.”

“I had been on this treadmill going at a fast speed for a long time, and I loved it. I loved every minute of playing, and at the same time, when I retired, I really enjoyed that too,” he added. “Now, I’m back to work and I’m enjoying that, so I have no complaints.””Just like everybody else, I try to wake up and try to do my best for the people that matter the most to me. And when you commit to the people like I have in my broadcasting at Fox, I want to do a great job for them and my teammates there,” continued Brady. “So my life’s pretty full. I’m very happy.”