Tom Brady won’t be able to keep his BetMGM endorsement for long

Tom Brady and BetMGM Sportsbook are heading for a breakup.

If the NFL approves Brady’s status as a minority owner of the Las Vegas Raiders, the legendary quarterback would have to sever ties with the mobile sports betting company due to the league’s gambling rules.

“NFL Personnel are prohibited from using, using, or permitting the use of their name or image in connection with any activity or material that depicts, promotes, sells, or promotes any form of gambling, including sports betting. ,” the NFL said. Mike Florio on this week’s Pro Football Talk.

There are issues that will allow Brady to remain involved with BetMGM even after the deal is finalized. NFL owners are allowed to own up to 5 percent of sports betting companies, but are not allowed to market for them.

Brady reached an agreement with Raiders owner Mark Davis last May to become a minority owner of the team.

Tom Brady is becoming a minority owner of Mark Davis’ Las Vegas Raiders. Getty Images

“The opportunity came up to be a minority owner of the Raiders. It was a dream come true for me.” Brady said in an interview with The Associated Press. at that time. “I get to play a very passive role. This is something I want to do for the rest of my life. This is not something I’m going to spend a year or two working on.”

However, the purchase of 5-10% of the franchise has been stalled since October after concerns arose about the purchase price agreed with Davis.

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of The Washington Post reported in October Brady was given a discount of up to 70 percent from Davis compared to the team’s market value, a source told the outlet, “You can’t do it at that price.”

Brady has been busy in his post-playing days, including a potential partnership with the Raiders and a 10-year contract worth $375 million to eventually serve as the lead color commentator on Fox Sports’ NFL coverage. are tied.



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