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Tom Brady’s minority stake in the Las Vegas Raiders approved by NFL owners
Tom Brady has another new role in the NFL: owner.
The seven-time Super Bowl champion purchased a minority stake in the Las Vegas Raiders, a deal unanimously approved by NFL team owners on Tuesday at the league’s annual fall meeting.
In a lengthy statement on X, Brady said he was “incredibly humbled and excited” to receive approval.
“I’m eager to contribute to the organization in any way I can, honoring the Raiders’ rich tradition while finding every possible opportunity to improve our offering to fans… and most importantly, WIN football games,” Brady posted.
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Brady also thanked Raiders majority owner Mark Davis, NFL Commissioner Roger Goodell and others.
“It’s an exciting day for the Raider organization,” Davis said. “Although Tom can’t play, I think he can help us select a quarterback in the future and potentially train him as well.”
Brady, who played 23 seasons with the Patriots and Buccaneers, takes 5% control of the Raiders. He needed to receive 24 of 32 votes. The 47-year-old Brady can’t come of out retirement and play again unless he sells his stake in the team.
“It’s great that Tom Brady wants to invest in the NFL,” Goodell said. “He cares deeply about this game. He believes in its future and I think that’s just a signal of that.”
The deal was initially agreed upon in May 2023, but it took owners 17 months to give their approval over concerns Brady was receiving too much of a discount from Davis. Brady’s new job as a broadcaster with Fox also was an issue because it could represent a conflict of interest.
“There were a lot of things from a structural and due diligence standpoint that had to happen, which is why it took so long for it to be approved and we finally got all that put to bed,” Chiefs owner Clark Hunt said.
The NFL placed restrictions on Brady before the season to limit his access. He is not permitted to attend production meetings in person or virtually and may not have access to team facilities or players and coaching personnel. Brady may broadcast Raiders games. He also has to abide by the league constitution and bylaws that prohibit public criticism of officials and other clubs.
Brady also owns a minority stake in the WNBA’s Las Vegas Aces, who are owned by Davis.
Pro Football Hall of Famer Richard Seymour, who played with Brady in New England, also received approval Tuesday to purchase a minority stake in the Raiders.
“This is the mission of a lifetime, and I accept it with both purpose and pride,” Seymour posted on X. “With great opportunity comes great responsibility. And I pledge to be a worthy steward of our game—and all it makes possible.”
Brady and Seymour are the fifth and sixth former NFL players to become owners after George Halas Sr., Jerry Richardson, Warrick Dunn and John Stallworth.
Davis joked that he didn’t like Brady very much when he was an opponent but he tried hard to sign him as a free agent in 2020 before the 15-time Pro Bowl QB went to Tampa Bay.
“We’re really proud to have him as part of the organization,” Davis said. “He’s a competitor, he’s a bright young man. There’s just so many pluses for both sides. It’s great.”
The Raiders haven’t won a Super Bowl since capturing their third title in eight years following the 1983 season. They won their first two championships in Oakland and the last one in Los Angeles. They moved to Las Vegas in 2020 and haven’t won a playoff game since losing the Super Bowl to Tampa Bay on Jan. 26, 2003.
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With the fall semester coming to an end and the spring semester fast approaching, undergraduate, graduate and professional students who must borrow to pay tuition or living expenses should start exploring student loan options sooner rather than later. Borrowers can take out federal loans, including direct subsidized or unsubsidized loans, Grad PLUS loans or Parent PLUS oans. However, these federal loans have annual and lifetime limits and come with a fixed interest rate set by law.
Private student loans are another option, though, and they come with some big benefits. With interest rates dropping and the likelihood of federal loan forgiveness diminishing as the Trump Administration takes office, private student loans may, in fact, be the best option for some borrowers. Rates and terms for private lenders can vary from one lender to another, though, unlike with federal loans.
As a result, it’s important to understand how to get a low rate on these loans for the spring 2025 semester.
Find out how affordable a private student loan could be now.
How to get a low student loan rate for the spring 2025 semester
Here’s what experts say you can do to keep your borrowing costs affordable as you move into the spring semester.
Shop around among private student loan lenders
Many banks, credit unions and online lenders offer private student loans — and it’s important to explore all of your options if you want your loans to be as affordable as possible.
“Always shop around to see what the best possible rates are available to you,” says Domenick D’Andrea, co-founder at DanDarah Wealth Management.
Jack Wang, a wealth advisor and college financial aid advisor at Innovative Advisory Group agreed, noting that “rates on private student loans can vary significantly.”
Most private student loan lenders allow you to get rates quotes online, often without a hard credit inquiry, so your credit score won’t be impacted. However, as you’re shopping around, you must be sure you’re comparing similar loan offers.
“Loan terms impact the rate,” says Wang. “For example, borrowers can choose a fixed or variable rate, whether payments are required during school, and the loan repayment time.”
By focusing on all of these details, you can compare multiple loan offerings and understand monthly payments, total borrowing costs and how long it will take to be debt-free after graduation.
Start comparing your top private student loan options online now.
Improve your credit
It’s also a good idea to get your finances in order if you want to get the best student loan rates.
“Generally, the lowest interest rates are for those with the best credit and debt-to-income ratio, who also pick full payments while in school and who pick the shortest repayment term,” Wang says. “After all, these terms reduce the risk for the lender.”
D’Andrea suggests that you take steps like paying down existing debt to reduce your debt-to-income ratio and limiting the number of new credit cards and loans you apply for, as applying for too much new debt can hurt your credit score. It’s also important to make all loan payments on time to avoid lowering your credit score, D’Andrea says.
The more qualified you are as a borrower, the more loans you’ll be eligible for and the lower your rates will be.
Apply with a cosigner
Unfortunately, improving your credit can take time and it’s often not possible to do things like increasing your income while you are in school. The good news is that you still have options to pursue a private loan at an affordable rate even if your credit is less than stellar.
“Investigate a cosigner if you have a limited credit history or considerable debt already,” D’Andrea says.
A cosigner agrees to share responsibility for your loans. You’ll need to provide their financial details when you apply. If they have more income or better credit, their credentials can help you borrow more affordably.
Starting shopping early
The last key to getting an affordable loan is to start the process early.
“People tend to shop for student loans according to their college billing cycle. So if a college bills by semester, busy times tend to be early summer for fall bills, and November or December for spring bills,” Wang says.
While Wang notes that there’s no time during the year when loans go “on sale” and no specific seasonality to shopping for student loan rates, it can still be smart to start the process of borrowing sooner rather than later. The simple reason for that is that you’ll have more time to compare rates and terms — and to take steps like lining up a cosigner if you aren’t being offered great rates.
The bottom line
You don’t want to end up in a situation where spring tuition is due, you don’t have a loan yet and you’re forced to accept the first loan you’re offered despite unfavorable terms. If you get started comparing rates and offers today, you’ll have plenty of time to find the loan that’s best for your situation.
Washington — The Georgia Court of Appeals on Thursday ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump, reversing a trial judge’s decision that allowed her to remain on the case.
Trump and more than a dozen allies were charged last year by Fulton County prosecutors related to what they said was an alleged scheme to overturn the results of the 2020 election in Georgia. The president-elect pleaded not guilty.
“After carefully considering the trial court’s findings in its order, we conclude that it erred by failing to disqualify DA Willis and her office,” the Georgia Court of Appeals said in its decision.
This is a breaking news story and will be updated.
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