Tom Brady is now a minority owner of an NFL franchise.
Per NFL Network's Ian Rapoport, the legendary quarterback was approved by NFL owners as a limited partner of the Las Vegas Raiders at the league's fall meetings on Tuesday. Brady will own a five percent stake, though he and his partner completed a total purchase of 10 percent.
Sports Illustrated's Albert Breer reported that Brady's ownership stake was approved by a unanimous 32-0 vote from NFL owners.
This article will be updated soon to provide more information and analysis.