Tom Brady disputes reports over restrictions in $375,000,000 Fox job after finalizing role as NFL owner with Raiders
Tom Brady's post-NFL career now includes roles as a FOX Sports broadcaster and a minority owner of the Las Vegas Raiders. He signed a lucrative ten-year deal with the network worth $375 million to work alongside Kevin Burkhardt as the lead broadcaster each week.
It was reported last week that Brady faced restrictions in his broadcasting role due to his status as an NFL owner. It was said that Brady wasn't allowed to visit team facilities or participate in production meetings, which is a vital part of the broadcast.
However, the seven-time Super Bowl-winning quarterback squashed those rumors on Tuesday's episode of the "Let's Go" podcast. He told co-host Jim Gray that he is fully engaged in his role at FOX Sports and that no other position will prevent him from doing his best. He concluded his thought by saying how happy he is to be working with Mark Davis and the Raiders.
“The good part is I’m involved in Fox. I love doing what I’m doing in broadcasting. Nothing is going to get in the way of that for a long time. But I’m really happy to be involved with Mark and that organization,” Brady said on the Let's Go podcast (TS 21:40)
Tom Brady's use of the word 'involved' appeared to be an indicator that he is fulfilling his job duties at FOX despite reports that he would be restricted.
How much of the Raiders does Tom Brady own?
On October 15, 2024, Tom Brady's minority ownership of the Las Vegas Raiders was officially approved. NFL Network's NFL Insider, Ian Rapoport, announced the news and revealed that Brady's stake in the organization was 5%. His business partner in the transaction, Tom Wagner, also has a 5% stake, which makes the combined investment 10%.
"Tom Brady has now been officially approved by the NFL owners as a limited partner of the #Raiders. With his 5% stake official (but a total purchase of 10% by Brady and his partner), his playing career is now over," Ian Rapoport reported on X.
According to NBC News, Brady and Wagner invested around $220 million together into the Las Vegas Raiders. They also had to pay a 10% "flip tax" which would then be divided amongst the remaining 31 NFL team owners as part of the transaction.