A group of investors led by Silver Lake executive Egon Durban is set to purchase a 25% ownership interest in the Las Vegas Raiders, people familiar with the matter told Bloomberg News. Those people said the equity being sold comes from minority shareholders rather than the team’s controlling owner, Mark Davis. The parties did not disclose the price or overall valuation tied to the sale.
Sportico currently values the Raiders at $7.9 billion, which ranks the franchise ninth among NFL teams. Sources familiar with the transaction said that once this purchase is finalized the consortium - which includes Michael Meldman, founder and chairman of Discovery Land Co. - will control close to 40% of the team.
Representatives for Mr. Durban and the National Football League declined to comment, according to the people. The Raiders did not immediately respond to a request for comment.
The move continues a pattern of stake sales by Mark Davis, who will turn 71 next week. In 2024 he sold a 10.5% interest in the franchise to a group that included Tom Brady, the seven-time Super Bowl winner and Fox Sports broadcaster. Several months after that sale, Mr. Durban and Mr. Meldman each agreed to purchase 7.5% of the team at a valuation of $6.5 billion.
In March, NFL owners approved a plan that would allow Durban to acquire a majority stake in the Raiders if Davis or Davis’s potential heirs decide to sell the team. At that same time, Durban’s group agreed to acquire an additional 3.5% and secured the right to buy another 3.5% by the end of this year, according to the people familiar with the arrangements.
Mr. Davis, who is not married and does not have children, has not announced any intention to sell his controlling interest. Speaking to Raiders.com in March, he said: "nothing has changed and everything runs exactly the way it has been."
As co-chief executive officer of Silver Lake, Mr. Durban helps oversee a technology-focused private equity firm with investments that include stakes in Madison Square Garden, Endeavor and Fanatics Collectibles.
Context and implications
This transaction enlarges the share of the Raiders held by Durban’s consortium without reducing Mark Davis’s role as controlling owner. The absence of a disclosed valuation for the 25% stake leaves the precise financial terms and implied team valuation unclear, even as external outlets place the franchise near the top ten in league value.
With Durban’s group approaching 40% ownership once the deal closes, the arrangement mirrors earlier moves that gave Durban options to expand his stake further under predetermined approvals from NFL owners.