Tom Brady reached an agreement earlier this year to purchase a stake in the Las Vegas Raiders, but he and the team are still waiting on approval from the NFL.
Brady’s purchase of a minority stake in the Raiders has not yet been finalized, Ian Rapoport and Tom Pelissero of NFL Media report. Any limited partner in an NFL team must be approved by a three-fourths majority vote of owners. A vote could take place at the Fall League Meeting next month, but it is also possible it could be pushed until the Winter League Meeting in December.
The NFL recently adopted a rule that prohibits players or other team employees from owning stakes in franchises. That means Brady will not be permitted to play for a team once his purchase of a stake in the Raiders is approved. Though, the 46-year-old has repeatedly insisted he has no interest in playing again.
Even if Brady has no desire to play again, the new rule could complicate his arrangement with Raiders owner Mark Davis in another way.
There was some speculation that the New York Jets might call Brady after Aaron Rodgers suffered a torn Achilles, but neither side seems interested.
