The Las Vegas Raiders' succession plan will be advanced this week with Egon Durban owning 40 percent of the team.
The Las Vegas Raiders will edge toward new ownership at this week’s NFL owners meetings, with the share owned by Egon Durban and his group set to increase, according to a report from Adam La Rose of ProFootballRumors.com that also appeared in other outlets.
This is the second move related to the Raiders ownership situation since the end of the season. Earlier in the spring, the owners voted on a succession plan for the Raiders, which didn’t seem particularly important with Mark Davis firmly entrenched and seemingly making the important decisions, or at least the ones he didn’t leave to minority owner Tom Brady.
According to a Bloomberg report that La Rose cited, the Durban group is set to increase its small holding in the franchise, which will bring the group’s share to 40 percent. Durban is the co-CEO of Silver Lake, and La Rose added that he alone won’t be responsible for that amount, but the increased percentage does point to him eventually becoming the role of current owner.
That title still belongs to Davis at the moment. Mark Davis is a legacy owner as the only son of Al Davis, so he’s only required to hold a 20 percent stake to maintain his controlling interest. Under the terms of the transaction this week, Davis will still control about 30 percent of the franchise.
The NFL’s finance committee has already approved the terms of the deal, with owners set to vote on it this week.
Davis has indicated that the percentage changes won’t change the way the Raiders operate. He’s 70, and Davis has been in control of the franchise since his father passed in 2011, but this firms up the initial succession plan.
Durban and Discovery Land Company founder Michael Feldman each purchased a 7.5 percent stake in the franchise back in 2024, and it’s been well known for some time that Davis is among the most cash-poor owners in the league. Now Durban’s group sets them up for a larger role going forward, which should be interesting to watch as the Raiders go through yet another rebuild.
Las Vegas has also had a reputation as one of the worst-run franchises in the NFL, so it’s fair to wonder if the NFL wouldn’t mind seeing this kind of shift moving further along more quickly.
Davis has a well-earned reputation as an owner who doesn’t get much right when it comes to making the big decisions for the franchise, although the tradeoffs that come with an investment group running the show can be significant.