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NFL owners approve Tom Brady's minority purchase of Raiders

Vincent Bonsignore, Las Vegas Review-Journal on

Published in Football

ATLANTA — NFL owners unanimously approved Tom Brady’s purchase of a minority ownership stake in the Raiders on Tuesday.

Owners also unanimously approved Richard Seymour’s purchase of a minority ownership stake.

Brady, a seven-time Super Bowl-winning quarterback, and Knighthead Capital Management co-founder Tom Wagner are buying 10% of the franchise from owner Mark Davis. Seymour is buying 0.5% of the team.

 

No financial details of the sale were made public. The Raiders were recently valued at $7.8 billion, according to CNBC.

Brady’s ownership purchase is expected to give him a prominent voice in the team’s football operations.


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