Tom Brady has been granted a 5% minority ownership stake in the Oakland Raiders, with a total of 10% equity acquired by Brady and Tom Wagner. The deal, valued at $3.5 billion, faced initial resistance due to its low equity value before receiving NFL owners' approval.

Tom Brady and Tom Wagner got a 10% piece of the Raiders for $244 million, a hefty discount given that the franchise is valued at $6 billion.

Now, Brady is a part owner of the team. The long and arduous process to make Brady part of NFL ownership concluded when his stake in the Raiders was officially approved by NFL owners at the league's fall meetings. Brady was approved on Tuesday by a unanimous vote, according to multiple reports.