Mark Davis Sells 15% Stake in Raiders

Las Vegas Raiders owner Mark Davis has agreed to sell a 15% stake in the franchise to Egon Durban, co-CEO of Silver Lake, and Michael Meldman, chairman of Discovery Land Company, with each investor acquiring a 7.5% share, pending NFL approval in December. This sale follows the recent approval of a 10.5% stake acquisition by Tom Brady, who now holds a 5% share, alongside Tom Wagner and Richard Seymour. While the sale aims to diversify ownership and improve financial flexibility, Durban must divest from WME Sports to comply with NFL rules against conflicts of interest. Davis will retain control over the team, as he is not required to hold a significant percentage due to a recent NFL rule change. This trend of high-profile investors entering the NFL raises implications for the league's governance structure. The upcoming NFL owners meeting will decide the fate of these ownership changes.