An investment group led by Silver Lake co-CEO Egon Durban is purchasing a 25 percent stake in the Las Vegas Raiders, Bloomberg News reported Thursday.
Durban and his group already own over 11 percent of the Raiders and were in line to land another 3.5 percent this year. Durban has the right of first refusal to buy the controlling stake in the team should majority owner Mark Davis decide to sell.
The deal was done with the Raiders valued at $9.9 billion, with the total price of the transaction at $11 billion, including a 10 percent flip tax that is paid to the league and shared with the other 31 owners, according to CNBC.
The group led by Durban will own nearly 40 percent of the Raiders once the deal is finalized, according to Bloomberg, which cited unnamed sources. Davis, who will remain controlling owner.
The deal has been approved by the NFL’s finance committee and will be up for vote by other team owners at next week’s spring league meetings in Orlando, Bloomberg reported.
Davis will still own the largest share in the Raiders at 36 percent. Durban, owning 11 percent, will have the largest share from a minority owner if the transaction is approved next week, according to CNBC.
The 25 percent stake being sold is coming from Raiders minority investors and not from Davis, who will remain controlling owner, according to the report. It is unclear which minority owners put their shares in the team for sale.
Durban and Michael Meldman, founder and chairman of Discovery Land Co., bought 7.5 percent stakes each in the Raiders in 2024. In March, Durban’s group bought an additional 3.5 percent stake in the team, which was approved during the league meetings where Davis’ succession plan to have Durban be in line to become the next majority owner, should he sell the team, was also approved.
The Raiders were valued at $11 billion in the 3.5 percent sale to Durban’s group in March, according to CNBC.
The Raiders’ valuation has increased significantly since their Las Vegas relocation was in the works. The team’s value was $1.43 billion in 2015, the year before Las Vegas relocation chatter began. That number has grown each year, to CNBC’s latest estimated valuation of $9.3 billion in 2025.
Contact Mick Akers at makers@reviewjournal.com or 702-387-2920. Follow @mickakers on X.
