Sources: NFL owners set to vote on Raiders succession plan
Don Van Natta Jr.
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Don Van Natta Jr.
ESPN Senior Writer
- Host and co-executive producer of the brand new ESPN collection, “Backstory”
- Member of three Pulitzer Prize-winning groups for nationwide, explanatory and public service journalism
- Author of three books, together with New York Times best-selling “First Off the Tee: Presidential Hackers, Duffers, and Cheaters from Taft to Bush”
- 24-year newspaper profession at The New York Times and Miami Herald
Multiple Authors
NFL owners are scheduled to vote on a Las Vegas Raiders succession plan that offers Silver Lake co-chief govt officer Egon Durban the choice to buy a majority stake within the workforce from longtime proprietor Mark Davis, in accordance to a number of possession and workforce executives with direct data of the state of affairs.
Although sources shut to Davis say he has no intention of promoting his majority stake, the vote would imply that if and when Davis, or his heirs, did resolve to promote, Durban, a restricted companion, would have the choice to purchase the membership. Owners would then have to approve Durban as the brand new controlling proprietor, per league guidelines.
Four sources with data of the state of affairs stated that owners will even vote on Davis promoting roughly 7% of the workforce to Durban and one other restricted companion, Michael Meldman. That sale would put the workforce’s valuation at practically $10 billion, two of these sources stated.
Owners will vote on the transactions on the annual league assembly held in Phoenix beginning March 29, in accordance to the agenda distributed to golf equipment this week. The league’s finance committee has already accredited the choice settlement with Durban, in accordance to two sources with direct data of the state of affairs.
Davis declined to remark Thursday afternoon. But a supply shut to Davis instructed ESPN: “Mark has no intention to sell his majority stake in the team. This sets up a smooth succession plan.”
An NFL spoke declined to remark. Spokespeople for the Raiders and for Silver Lake did not instantly reply to requests for remark.
The Davis household has been a cornerstone {of professional} soccer possession for greater than 5 a long time, and Mark Davis’ late father, Al Davis, is without doubt one of the few owners in any sport whose notoriety transcended the sport. Al Davis was employed because the workforce’s coach and normal supervisor in 1963 and have become principal proprietor in 1972. He gained three Super Bowls and was as well-known for his contributions to the sport as for his lawsuits and fights with fellow owners and the league workplace.
Mark Davis, who turns 71 in May, inherited the workforce when his father died in 2011.
Since then, the Raiders have had two successful seasons and no playoff wins, and Davis has cycled by means of a number of head coaches and normal managers. He moved the workforce from Oakland to Las Vegas beginning in 2020 to play at Allegiant Stadium.
Durban has owned 7.5% of the workforce since December 2024, when NFL owners accredited the Raiders to promote 15% of the franchise to him and Meldman, who’s the founding father of Discovery Land Co.
In 2024, Davis additionally offered 5% of the workforce for an undisclosed sum to legendary quarterback Tom Brady — a transfer that was supposed to invigorate the franchise. Instead, the Raiders went 4-13 and 3-14 in 2024 and 2025, respectively. Brady purchased into the workforce alongside Knighthead Capital Management co-founder Tom Wagner (5%) and Raiders Hall of Famer Richard Seymour (0.5%).
Durban co-runs Silver Lake, a technology-focused non-public fairness agency, and has a internet price of $2.5 billion, in accordance to Forbes. Silver Lake’s portfolio consists of stakes in some sports-related firms, together with Madison Square Garden Sports — the mum or dad firm of the New York Knicks and New York Rangers — and Fanatics Collectibles.
