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Tom Brady to Acquire Minority Ownership Stake in Las Vegas Raiders

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The deal won’t be ready for the owners to consider at the Spring League Meeting in Minnesota, which ends Tuesday, according to Breer.
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Tom Brady to Purchase Minority Ownership Stake in Las Vegas Raiders

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Tom Brady, the legendary quarterback, has reached an agreement to acquire a minority ownership stake in the Las Vegas Raiders, according to a source familiar with the deal. The news of the purchase was initially reported by Albert Breer, an NFL reporter for Sports Illustrated. However, the sale is still pending approval from the NFL.

Negotiations between Tom Brady and the Raiders had been underway for some time, as previously reported by CNN. However, the deal will not be presented for consideration at the ongoing Spring League Meeting in Minnesota, which concludes on Tuesday.

Mark Davis, the owner of the Las Vegas Raiders, expressed his enthusiasm about Brady joining the team. He stated in a phone call to ESPN, "We're excited for Tom to join the Raiders. It's exciting because he will be just the third player in the history of the National Football League to become an owner."

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The specifics of the ownership stake and Brady's involvement in the team have not been disclosed. CNN has reached out to the NFL, the Las Vegas Raiders, and Tom Brady's representatives for further comments and details regarding the agreement.

Brady, widely regarded as one of the greatest quarterbacks in NFL history, has an illustrious career that includes seven Super Bowl victories. His decision to become a part-owner of the Las Vegas Raiders marks a significant milestone, as he joins an exclusive group of only three players in NFL history to hold ownership positions within the league.

The completion of the sale and the official announcement of Tom Brady's ownership stake in the Las Vegas Raiders are pending the approval of the NFL.

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