Retired NFL quarterback Tom Brady is deep in negotiations to become a limited partner of the Las Vegas Raiders, sources told ESPN's Seth Wickersham and Adam Schefter.
Discussions between the two sides have been ongoing for weeks and could be finalized soon, Wickersham and Schefter report. Brady's stake in the club would give him no operational control or authority over the franchise in either business or football affairs.
Should Brady and the Raiders agree to terms, the partnership would need the approval of 24 current team owners.
The league office, Raiders, and Brady's agent all declined to comment on the matter.
Brady, 45, acquired ownership in the WNBA's Las Vegas Aces in March. Both the Raiders and Aces are owned by Mark Davis.
Investment in the Raiders wouldn't affect Brady's 10-year, $375-million contract with Fox as a broadcaster, which begins in 2024. He isn't expected to try to play for the Raiders.
The future Hall of Fame signal-caller has shown interest in purchasing a minority stake in an NFL franchise in the recent past. The prolific passer had discussions with the Miami Dolphins in 2021 and 2022 about becoming a limited partner. However, following a six-month NFL investigation, Dolphins owner Stephen Ross and limited partner Bruce Beal were deemed to have violated the league's anti-tampering policy in conversations with Brady.
The Dolphins were ultimately stripped of a first-round pick in the 2023 NFL Draft and received several other punishments, including a suspension for Ross.
Brady hung up his cleats for good in February after his 23rd season. He retired for 41 days in 2021 before rejoining the Tampa Bay Buccaneers for his final campaign. He walked away from the field with seven Super Bowl titles, three NFL MVPs, and numerous records.
The Raiders have acquired plenty of familiar faces to Brady over the past couple of offseasons. General manager Dave Ziegler, head coach Josh McDaniels, and quarterback Jimmy Garoppolo all share ties with the retired QB dating back to his 20-year tenure with the New England Patriots.
