The Las Vegas Raiders have announced their succession plans, ones that don't intend to have owner Mark Davis sell the team.
The Las Vegas Raiders have unveiled their new ownership succession plan, one that NFL owners are scheduled to vote on during the annual league meeting in Phoenix on March 29. It’s not exactly black and white in terms of owner Mark Davis selling the team. The plan is to allow Silver Lake co-chief executive officer Egon Durban the opportunity to purchase a majority stake in the team from the longtime owner – if he decides to sell. ESPN reports that Davis doesn’t intend to sell his stake just yet, but a vote would promulgate the succession plan to give Durban the option to assume majority stake. Should that happen, owners would have to vote again to approve Durban as the new controlling owner, in compliance with new league rules.
Davis assumed control of the team in 2011 and has since seen the Raiders have two winning seasons, no playoff wins, and multiple head coaches and general managers. The team moved from Oakland to Las Vegas in 2020. Durban has owned a 7.5 percent stake since Dec. 2024, when owners approved 15 percent of the franchise to be sold between him and Michael Meldman, the founder of Discovery Land Co., and who the owners will also vote on him and Durban being sold about 7 percent of the team from Davis, putting the team’s valuation at almost $10 billion.
Here is the full story from Raiders Roundtable writer Bob McCullough on what the real reasons behind the plan might be.
It does seem to practically block a path to majority ownership for Tom Brady, whom Davis sold 5 percent of the team to in 2024, a move that hasn’t seen dividends. Brady bought in, and Las Vegas proceeded to go 4-13 and 3-14 in the last two seasons.