Rumors of a Tom Brady return to playing football have persisted in recent years in part because he won’t entirely shut them down. After all, the GOAT did come out of retirement once already.
But once his dream of owning part of an NFL team becomes a reality, any dream of playing football again will be dead.
Multiple league sources tell CBS Sports that if and once Brady is approved as a partial owner of the Las Vegas Raiders, he will not be allowed to play for an NFL team — including the Raiders.
This is a change from the league’s stance in the spring of 2023 when the NFL confirmed Brady could own part of the Raiders and play for them if three-fourths of the team owners agreed to it. Now, no such vote would even take place, sources say.
That’s because of a July 2023 rule change to league ownership policy that the NFL’s finance committee recommended, which ultimately ownership passed. The rule prohibited employees who are not family members of the team’s owner from owning equity in a team.
Brady, or any other player, would be considered an employee in relation to this rule, sources said. The NFL declined comment on individual cases.
The rule resolved “that the membership endorses and adopts the policy statement of the Finance Committee regarding transactions of club equity involving club employees who are neither Principal Owner nor a member of the Principal Owner’s family,” according to a document obtained by CBS Sports.
The Sports Business Journal first reported the rule change when it happened.
Brady first reached an agreement with Raiders owner Mark Davis to purchase part of the team in May 2023. Approval has been in the hands of the league’s finance committee since, with several teams taking issue with the Raiders’ valuation. Those issues appear to have been fixed, and Brady could be approved at the October or December league meetings.
Brady, today entering his third game…
Source link : https://www.cbssports.com/nfl/news/tom-bradys-potential-ownership-stake-in-raiders-would-end-comeback-talks-once-and-for-all/
Author : Jonathan Jones
Publish date : 2024-09-22 10:00:58
Copyright for syndicated content belongs to the linked Source.
