ATLANTA – Tom Brady’s purchase of a minority stake in the Las Vegas Raiders was approved by NFL team owners on Tuesday.

The seven-time Super Bowl champion, who played 23 seasons with the New England Patriots and Tampa Bay Buccaneers, controls about 5% of the Raiders. Brady needed to receive 24 of 32 votes at the league’s annual fall meetings in Atlanta.

Former Raiders and Patriots defensive end Richard Seymour’s purchase of a minority stake in the Raiders was also approved by owners on Tuesday.

“I am deeply grateful – humbled and honored – to become an NFL owner,” Seymour posted on . And I vow to be a worthy steward of our game – and everything that makes it possible.”

Brady’s deal was originally agreed to in May 2023, but it took 17 months for owners to give their approval due to concerns that he received too deep a discount from Raiders majority owner Mark Davis.

Brady’s new job as a broadcaster at Fox was also an issue because it could pose a conflict of interest.

The NFL placed restrictions on Brady before the season to limit his access. He will not be permitted to attend production meetings in person or virtually and may not have access to team facilities or player and coaching staff. Brady may broadcast Raiders games. He must also abide by the league’s constitution and bylaws, which prohibit public criticism of officials and other clubs.

Brady also owns a minority stake in the WNBA’s Las Vegas Aces, of which Davis is also the majority owner.

Brady and Seymour are the third and fourth former NFL players to become owners, joining George Halas Sr. and Jerry Richardson.

The Associated Press contributed to this report.