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Future Hall of Fame quarterback Tom Brady has officially been granted approval by the NFL to become the new minority owner of the Las Vegas Raiders.The deal was approved Tuesday at a league meeting and required support from at least 24 of the NFL's 32 team owners. Brady, who now owns about a 5% stake in the franchise, said he was 'humbled and excited' to join the Raiders ownership team.RELATED STORY | ESPN, FOX and Warner Bros.
'Brady's bid for a minority ownership stake in the franchise began in May 2023, but was held up numerous times after some NFL owners felt he had been offered a discounted price. Now, Brady becomes just the third former player to become an NFL team owner. He also owns a minority stake in the WNBA's Las Vegas Aces, which, like the Raiders, is owned by Mark Davis.The Raiders organization is worth $6.
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