Raiders ownership succession plan set for vote at league meetings

Mick Akers, Las Vegas Review-Journal on Mar 19, 2026

Published in Football

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LAS VEGAS — NFL owners are set to vote on a Las Vegas Raiders ownership succession plan if team majority owner Mark Davis decides to sell the franchise.

The plan would give Silver Lake co-CEO Egon Durban, who owns a minority stake in the team, the ability to buy Davis’ majority stake, if and when he decides to sell, Davis confirmed to the Las Vegas Review-Journal.

Davis has no intention of selling his majority stake, but the vote would give the option to Durban to take control of the franchise when that time comes. NFL owners would have to approve Davis selling his stake to Durban.

The vote on the Raiders’ succession plan is set to be voted on at the league’s annual meeting being held March 29-April 1, in Phoenix.

In 2024, Durban and businessman Michael Meldman both purchased 7.5% stakes in the Raiders and at the time Davis said the deal went beyond just a financial transaction.

“They’re going to help us immensely on the business side of the organization,” Davis said in December 2024.

Durban’s net worth is valued at $2.5 billion, according to Forbes.

Durban, 52, has been with Silver Lake since the private equity firm’s launch in 1999, according to his bio on the company’s website. Durban also sits on various boards including TKO Group Holdings (UFC, WWE, Zuffa Boxing and Professional Bull Riders), Endeavor Group Holdings, Dell Technologies and robotaxi company Waymo.

Before his work with Silver Lake, Durban worked at Morgan Stanley in their investment banking division. Durban is a graduate of Georgetown University, with a degree in finance.

Davis, 70, took over as majority owner of the Raiders in 2011, when his father, Al Davis died. Davis inherited his late mother Carol Davis’ stake in the team, when she died in October.

Davis is expected to have to pay a hefty inheritance tax resulting from his mother’s passing.

Davis led the Raiders’ relocation from Oakland, Calif., to Las Vegas and the construction of the $2 billion Allegiant Stadium.

The Raiders valuation has jumped from $2.92 billion during their inaugural season in Las Vegas to $7.9 billion last year, according to Sportico. Davis also owns the WNBA’s Las Vegas Aces, whom he purchased for $2 million from MGM Resorts in 2021. The Aces are now valued at $310 million, according to Forbes.

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