NFL owners approve Tom Brady's minority purchase of Raiders
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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