Ari Emanuel and Mark Shapiro are set to acquire individual minority ownership stakes in the Las Vegas Raiders, a spokesperson for the executives confirmed. The transaction is expected to be finalized later this month and will leave Mark Davis as the franchise's controlling shareholder.
The set of transactions includes additional buyers and shifts in the ownership mix. Michael Dell, founder of Dell Technologies, and Joseph Baratta, who serves as global head of private equity at Blackstone, are joining Emanuel and Shapiro as new minority stakeholders in the NFL team.
At the same time, two existing investors are increasing their stakes. Egon Durban, chief executive officer of private-equity firm Silver Lake, and real-estate developer Michael Meldman will expand their current ownership positions in the Raiders. The announcement notes that Silver Lake controls both TKO Group and WME.
Collectively, the transactions place the Raiders' valuation at approximately $9.9 billion. The deals are structured as individual minority purchases for Emanuel and Shapiro, rather than transfers of controlling interest, and will result in a broader group of minority owners alongside the retaining controlling shareholder, Mark Davis.
Terms of the individual purchases and the precise percentages of ownership for each incoming or expanding investor were not disclosed in the confirmation. The timeframe provided indicates closing will occur later in the month, with the ownership changes taking effect upon completion of the transactions.
The sequence of purchases and increases in positions reshapes the Raiders' investor base while maintaining the existing control structure. The investors named in the confirmed transactions include founders, private-equity executives, and a real-estate developer, reflecting a mix of financial and strategic backers.
Details in the confirmation focused on the parties involved, the preservation of Mark Davis as the controlling shareholder, the participants that are adding or expanding stakes, and the approximate $9.9 billion valuation assigned to the franchise as part of the transactions.
Summary
Ari Emanuel and Mark Shapiro will become individual minority owners of the Las Vegas Raiders, a spokesperson said. Michael Dell and Joseph Baratta are also acquiring stakes, while Egon Durban and Michael Meldman are increasing theirs. Mark Davis remains the controlling shareholder and the transactions value the team at about $9.9 billion. The deals are expected to close later this month.