Investing.com -- A consortium led by Silver Lake executive Egon Durban is acquiring a 25% stake in the Las Vegas Raiders, according to Bloomberg News, citing people familiar with the matter.
The equity is being sold by minority investors rather than controlling owner Mark Davis, said the people, who asked not to be named discussing private information. The transaction’s valuation was not disclosed. Sportico values the team at $7.9 billion, ranking ninth in the NFL.
When the deal closes, the consortium, which includes Michael Meldman, founder and chairman of Discovery Land Co., will own close to 40% of the NFL team, the people said.
Representatives for Durban and the NFL declined to comment. The Raiders did not immediately respond to a request for comment.
Davis, who turns 71 next week, has been selling stakes in the Raiders. In 2024, he sold 10.5% of the team to a group that included seven-time Super Bowl winner and Fox Sports broadcaster Tom Brady.
A few months later, Durban and Meldman each agreed to buy 7.5% at a $6.5 billion valuation. In March, NFL owners approved a plan allowing Durban to buy a majority stake if Davis or his potential heirs decide to sell the team. At that time, Durban’s group agreed to buy an additional 3.5%, with the right to buy another 3.5% by the end of this year.
Davis, who does not have children and is not married, has not indicated plans to sell his stake. He told Raiders.com in March that nothing has changed and everything runs exactly the way it has been.
As co-chief executive officer of Silver Lake, Durban helps run a tech-focused private equity firm that owns stakes in properties including Madison Square Garden, Endeavor and Fanatics Collectibles.
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