Overview
- The plan, approved Tuesday at the NFL meeting in Phoenix after a vote requiring 24 of 32 owners, gives Silver Lake co-CEO Egon Durban the option to buy a majority stake if Mark Davis chooses to sell.
- Durban and limited partner Michael Meldman are set to purchase an additional 3.5% of the Raiders now, with the possibility of another 3.5% later.
- Mark Davis said he has no intention of selling and described the vote as changing nothing about how the team is run.
- Any sale of Davis’s controlling stake to Durban would still need formal approval by NFL owners before it could take effect.
- Durban and Meldman each acquired 7.5% stakes in 2024, adding to outside investment in a franchise the Davis family has led since Al Davis became principal owner in 1972.