By Daily Mail (U.S.) | Created at 2024-10-17 05:22:12 | Updated at 2024-10-17 07:33:51
2 hours ago
A moment of celebration and the turning of a new chapter unfolded as Tom Brady walked into the Las Vegas Raiders' facility as the newest part-owner of the franchise.
Following a long hold on his ownership bid, Brady was granted official approval by his now co-owners in the NFL on Tuesday.
The following morning, the seven-time Super Bowl champion was warmly welcomed by staff members as he arrived at the Raiders' headquarters with majority owner Mark Davis.
In a video posted by the Raiders' X (Twitter) account, Brady is seen entering the glass doors, wearing a grey top and black pants, when he was met with a roaring ovation. Members of the Raiders family filled first three stories of the lobby to commemorate an important day in their franchise's narrative.
Brady then took a moment to gather himself before returning the applause and hugging Davis, who was all smiles after the lengthy process of getting Brady on board was finally green-lighted.
Tom Brady received a warm welcome upon his arrival at the Raider's facility on Wednesday
In a series of photos posted on the Raiders' social media, Brady was seen speaking to the crowd with a mic, although what he said has not been made public.
Hours after his ownership was made official, Brady released a statement, reading: '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 that story.'
The legendary quarterback initially agreed to become a limited partner of the Raiders in May 2023 - months after calling time on his legendary playing career.
His deal to take a 10 percent stake in the organization - which he is splitting down the middle with business partner Tom Wagner - was held up over the last 17 months amid concerns from other NFL owners over his 10-year, $375million deal with Fox.
Brady was joined by majority owner Mark Davis after his part-ownership bid was approved
Brady addresses the Raiders staff on his first day as a part owner of the Las Vegas franchise
Brady's role as the lead NFL analyst for Fox Sports was one of the points of contention in the approval process. His position with the network was also the basis of the limits he's faced with as a co-owner.
Brady is prohibited from accessing another team's facility, witnessing practice, and attending broadcast production meetings virtually and in person.
Brady is also not permitted to criticize game officials and other clubs. Furthermore, he is subject to the NFL's gambling and anti-tampering policies.
'I'd like to thank Mark Davis for welcoming me into his family, and the tireless work he's done to help build on the organization that so many fans know and love today. Also thank you to Commissioner Goodell for his support as well as all the NFL owners that supported my dream - I'm forever grateful,' Brady's statement continued. 'I'd also like to thank my partner Tom Wagner, Don Yee, Jim Gray, Alex Spiro, and Larry Delson as they have been instrumental in helping me achieve this incredible milestone.'
Brady owns stakes in three Vegas teams; the Raiders (NFL), Aces (WNBA) and Night Owls (MLP)
The ex-quarterback initially agreed to become a limited partner of the Raiders in May 2023
On the field, the Raiders have struggled as they are 2-4 and fourth in the AFC West to start
'I'm eager to contribute to the organization in any way I can, honoring the Raiders' rich tradition while finding every possible opportunity to improve our offering to fans... and most importantly, WIN football games,' he closed.
The Raiders add another valuable item to Brady's impressive business portfolio.
The future NFL Hall of Famer owns stakes in the Las Vegas Aces in the WNBA, Birmingham City in the EFL Championship, Las Vegas Night Owls in the Major League Pickleball, and the E1 Series in Electric boat racing.
While Brady's arrival in the front office is a cause for celebrations, the Raiders have been struggling on the field. Antonio Pierce's side are 2-4, sitting fourth in the AFC West.
They will take on the Rams in LA on Oct. 20 and close out the month by hosting the Super Bowl Champions Kansas City on the 27th.
