Seven-time Super Bowl champion quarterback Tom Brady has been approved by the NFL as a limited partner of the Las Vegas Raiders, NFL Network Insider Ian Rapoport reported Tuesday.

Brady and his partner now own 10% of the Raiders, while Brady personally owns a 5% stake.

“It's great that Tom Brady wants to invest in the NFL,” NFL Commissioner Roger Goodell said Tuesday at the Fall League meeting in Atlanta. “This game is very close to his heart. He believes in his future and I think this is just a sign of that.”

Brady also released a statement regarding the approval, expressing his gratitude for the approval and his willingness to support the franchise.

“I am incredibly honored and pleased to have been unanimously recognized as the owner of the Las Vegas Raiders,” the statement began. “During my NFL career, I learned that football, at its core, is a game about teamwork, resilience and a relentless pursuit of excellence. The Raiders franchise and the city of Las Vegas embody the same values, and so do I.” I am honored to be a part of this story.

“Soccer was a part of my entire life growing up in the Bay Area, and in many ways my soccer life and journey has come full circle. I love the sport, I love my teammates, coaches and the fans in every organization I'm in.” I was a part of it. Sports bring us together in ways I can't otherwise, and it's a blessing to know that I'll be playing in the biggest league in the world for the rest of my life.

“I want to thank Mark Davis for welcoming me into his family and for the tireless work he has done to help build the organization that so many fans know and love today. I would also like to thank Commissioner Goodell for his support and everyone.” To the NFL owners who supported my dream, I would also like to thank my partner Tom Wagner, Don Yee, Jim Gray, Alex Spiro and Larry Delson who were instrumental in helping me achieve this to reach this incredible milestone.

“I am committed to contributing to the organization in every way possible, honoring the Raiders' rich tradition while pursuing every possible opportunity to improve what we offer to fans… and most importantly, WIN football games.”

Hall of Famer Richard Seymour, a former teammate of Brady's on the New England Patriots and a former player with the Raiders, also did acquired a small ownership interest.

Tuesday's vote ended a long-running saga surrounding Brady's bid to become owner. In May 2023, it was first reported that Brady was working toward acquiring a minority stake in Raiders.

Brady's efforts to buy part of the Raiders were delayed in part by questions about the valuation of the percentage to be sold to him and Brady's role as a FOX Sports broadcaster.

The NFL imposed restrictions on Brady's broadcasting access in August due to his possible involvement with the Raiders.

Brady is not permitted to participate in in-person or online production meetings and may not have access to team facilities, players or coaches. These restrictions do not apply to FOX employees.

He also must abide by the league's bylaws and bylaws, which prohibit public criticism of officials and other clubs, but is allowed to broadcast Raiders games.

“As far as the media is concerned, I just want to say that Tom has voluntarily adhered to the issues that we have raised in the committee since he began broadcasting,” Goodell said. “That’s all settled. Followed very closely and everyone seems very happy. It really wasn’t a big problem until probably the last six months.”

Brady, who retired from the NFL after the 2022 season, works with play-by-play announcer Kevin Burkhardt on FOX's top NFL broadcast team. He signed a 10-year deal with the broadcaster in 2022, but this is Brady's first season announcing games.