Tom Brady is a significant step closer to NFL ownership.
Las Vegas Raiders owner Mark Davis announced on Monday that he and Brady have reached an agreement for the former quarterback to take a minority stake in the NFL franchise. The agreement will now be sent to the NFL for approval by league owners.
"We have come to an agreement for Tom Brady to become a partner in the Raiders, and we have submitted it to the NFL for approval," Davis told ESPN's Paul Gutierrez.
Brady did not publicly address the news upon Davis' announcement.