


Tom Brady’s bid to become a minority owner in the Las Vegas Raiders might have hit a snag.
The NFL’s new no-equity rule has complicated Brady’s efforts to purchase a piece of the Las Vegas football team, according to Pro Football Talk.
The rule prevents team employees who aren’t family members from being distributed equity in a franchise.
Raiders owner Mark Davis had planned to employ Brady as part of an agreement for the NFL icon to buy into the team.
Davis revealed this while speaking against the then-proposed rule during last week’s special meeting to approve the sale of the Washington Commanders, Pro Football Talk reported.
The issue could force the Raiders and Brady to go back to the drawing board and, according to the report, completely scuttle the deal.
In an interview with the Associated Press in June, Brady called the chance to invest in the Raiders a “dream come true” and that he’d be playing a very “passive role” with the organization.
“if I’m looking over the course of my life, to have the opportunity to be involved in the NFL is a dream come true,” Brady said at the time. “And if I could help the NFL and continue to contribute in a positive way, then you know, that’s been a very enjoyable part of my life.”
NFL owners voted in favor of the rule last week, according to Sports Business Journal.
As of now, there is no such scenario in the NFL where a player or team employee owns a stake in the team, but the league’s finance committee wrote in a memo that “such arrangements may have been considered in the past” and “may exist in other sports leagues.”
The finance committee reportedly cited other reasons for the ban, including issues that could arise if an employee leaves a team and the complexities that could come with players owning a piece of the franchise.