The NFL's Las Vegas Raiders welcome Tom Brady as a part-owner following a unanimous vote.

• The Las Vegas Raiders approved Tom Brady as a minority owner.
• Brady also owns a small stake in the WNBA's Las Vegas Aces.
• In 2023, Brady retired from the NFL and currently has a lucrative broadcast deal with Fox Sports.

On Tuesday, it was reported that the National Football League's owners approved Tom Brady as a minority owner of the Las Vegas Raiders, according to a source.

Tom Wagner, Knighthead Capital founder, and the seven-time Super Bowl champ purchased a 10% stake in the Raiders.

The NFL's 32 team owners approved the deal at the league meeting in Atlanta, despite Brady and Wagner not being present, a source told CNBC.

The value of the Raiders franchise is $7.8 billion, according to CNBC's Official 2024 NFL Team Valuations. However, the price Brady is paying for his stake in the team remains unclear.

Since relocating from Oakland in 2020, the value of the Raiders has increased, moving them from the bottom half of the league's 32 teams to a higher ranking.

The Raiders' revenue has increased significantly since the team moved to Las Vegas and its new stadium. In 2023, the team generated $780 million in revenue, the third highest in the league, and earned $115 million in EBITDA, according to CNBC's valuations.

Despite being one of the smallest stadiums in the NFL with 65,000 seats, the Raiders made up for it by charging the highest ticket prices in the league, with an average general ticket price of $169 last season, according to CNBC.

The Raiders' Allegiant Stadium hosts various non-NFL events, generating extra revenue for the franchise. In 2023, the team made over $50 million from concerts and other events, including college football.

Since May 2023, Brady has been bidding for a portion of the team, but his offer has been delayed due to some owners' belief that it was undervalued.

In 2022, Brady signed a 10-year, $375 million broadcasting deal with Fox Sports, but his new ownership will come with restrictions on how he covers the team.

Brady would be allowed to broadcast Raiders games, but he would not be permitted to attend in-person or online production meetings. He also may not have access to team facilities, players and coaches.

Brady will also be subject to league rules that prohibit public criticism of officials and other clubs.

The Super Bowl MVP, who has won the title five times, is not new to the Las Vegas sports scene. He is also a minority owner of the Women's National Basketball Association's Las Vegas Aces, which, like the Raiders, is owned by Mark Davis.

Only the third former NFL player will become a team owner will be Brady.