The NFL recently passed a rule that could affect Tom Brady‘s bid to join the Las Vegas Raiders as a minority owner.
Per Ben Fischer of Sports Business Journal, the NFL approved a rule prohibiting employees outside the ownership’s family from purchasing team equity.
The new rule preventing owners from giving equity to employees complicates Tom Brady’s proposed purchase of a piece of the Raiders. https://t.co/KaB9FI80mf
— ProFootballTalk (@ProFootballTalk) July 26, 2023
According to Pro Football Talk’s Mike Florio, that complicates Brady‘s planned arrangement with the Raiders. Florio said Raiders owner Mark Davis “spoke passionately” against the rule during last week’s meeting to approve the Washington Commanders sale. He intended to employ Brady as part of his ownership deal.
Per Florio, the rule “could set the transaction back to square one — and it could potentially derail it altogether.”
While Brady’s planned employee responsibilities are unclear, Brady told the Associated Press last month that he’d play “a very passive role” as a Raiders owner.
“This is something that I’m interested in doing for the rest of my life,” Brady said. “This is not something that I’m into it for a year or two years … To have the opportunity to be involved in the NFL is a dream come true.” However, existing protocols already made a return to the gridiron as an owner highly improbable.
The other NFL owners must approve of Brady playing if his ownership investment goes through.