Mark Davis Sells Additional 15% Raiders Stake

Las Vegas Raiders owner Mark Davis has agreed to sell an additional 15% of the team to Egon Durban, Silver Lake co-CEO, and Michael Meldman, founder of Discovery Land Company, with each acquiring a 7.5% stake. This follows a recent sale of 10.5% of the team to Tom Brady, Richard Seymour, and Tom Wagner, aiming to bring in influential figures to assist in football operations. The NFL Finance Committee will discuss the transaction in December, requiring approval from at least 24 NFL owners to proceed. To comply with NFL conflict-of-interest rules, Durban's Endeavor must divest from WME Sports, which represents NFL players. Despite selling significant stakes, Davis will remain the controlling owner of the Raiders. The move is part of a strategy to enhance the team's decision-making and operational leadership.