The NFL Goat Tom Brady is getting very close to becoming a part owner of the Las Vegas Raiders in 2024. The NFL is very close to approving Brady to become a part owner according to recent reports. This deal between Brady and the Raiders has been in the works for almost a year now. Brady is teaming up with Knighthead Capital co-founder Tom Wagner to purchase 10% stake in the Raiders, with Brady owning 7% of that, per Sportico.
NFL Legend Tom Brady Has To Relinquish Endorsement Deal
When all of the minor details are all worked out, Brady has to surrender one of his many endorsement contracts if he wants to officially become an owner of the Raiders. His endorsement by BetMGM will have to go if he wants ownership as his partnership with the sportsbook violates the NFL rules on gambling.
“NFL personnel are prohibited from engaging in, using or permitting the use of one’s name or images in connection with activities or materials that depict, advertise, market or promote any form of gambling, including sports betting,” the league said in an email to Pro Football Talk.
That Should Not Be An Issue For Tom Brady
In the Super Bowl this year BetMGM featured Brady and he has become one of the sports faces for the company. Brady wont have any issue in leaving that endorsement if it comes with becoming an NFL owner. This is just one of the many companies that Brady is partnered with and it should not be an issue for him.
Brady could become an owner as soon as late March as the NFL committee is set to discuss his purchase of stake in the team during league meetings on March 24-27. The legend will definitely take being an owner over being partnered with BetMGM.
Related: Tom Brady And Bill Belichick’s Relationship Was Insanely Toxic