Back in May, former NFL quarterback Tom Brady agreed to purchase an ownership stake in the Las Vegas Raiders, who are owned by Mark Davis.
But an NFL insider has brought a league rule to light, one that may actually prevent Brady from entering the world of NFL ownership.
According to Mike Florio of Pro Football Talk, the league’s no-equity rule for players “complicates” Brady’s plan to purchase a minority stake in the AFC West club.
“The NFL’s recent decision to block the distribution of equity to players and other employees has one specific impact on a former (for now) player who is (or perhaps was) poised to become an owner.
Per a source with knowledge of the situation, the new no-equity rule complicates Tom Brady’s effort to acquire a portion of the Raiders.
During last week’s special meeting to approve the sale of the Commanders from Daniel Snyder to Josh Harris, Raiders owner Mark Davis spoke passionately against the proposed rule, explaining that he had planned to employ Brady as part of the deal for Brady to buy a piece of the team. (The rule passed over Davis’s concerns.)
Now that Davis won’t be able to both employee Brady and to sell Brady equity in the team, that could set the transaction back to square one — and it could potentially derail it altogether.”
Brady previously purchased a stake in the WNBA’s Las Vegas Aces, who are also owned by Davis. The Aces, coached by WNBA legend and former San Antonio Spurs’ assistant coach Becky Hammon, won their first ever championship last season.
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The soon-to-be 46-year-old Brady announced his retirement on Feb. 1 of last year following the Tampa Bay Buccaneers’ loss to the Los Angeles Rams in the Divisional Round. 40 days later, however, Brady announced that he was coming back for a 23rd season.
Brady did just enough to help the Bucs win the NFC South despite a losing record (8-9), but they were soundly defeated by the Dallas Cowboys on Super Wild Card Weekend. Brady announced his second retirement from football on Feb. 1.
Last year, Brady agreed to a deal with FOX Sports that will see him work alongside NFL play-by-play man Kevin Burkhardt on the network’s top commentary team. Brady is expected to begin his analyst career in 2024.
Brady previously purchased a stake in the WNBA’s Las Vegas Aces, who are also owned by Davis. The Aces, coached by WNBA legend and former San Antonio Spurs’ assistant coach Becky Hammon, won their first ever championship last season.
