A favorite of Tom Brady is reportedly looking to secure a majority stake in the Las Vegas Raiders as the franchise eyes a succession plan for life after Mark Davis
20:24 ET, 19 Mar 2026Updated 20:24 ET, 19 Mar 2026
Tom Brady became a minority owner of the Raiders in October 2024
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Tom Brady became a minority owner of the Raiders in October 2024(Image: Getty Images)
NFL owners are set to vote on a succession plan for the Las Vegas Raiders, with a candidate preferred by Tom Brady leading the way.
The Raiders have already experienced a remarkable offseason. After landing a new head coach in Klint Kubuak, the AFC West franchise’s star player Maxx Crosby secured a trade to the Baltimore Ravens only for the move to collapse.
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Now, it seems NFL owners are scheduled to vote on the Raiders' succession plan: a deal that would give Silver Lake co-chief executive Egon Durban the chance to purchase a majority stake in the team from longtime owner Mark Davis. The 70-year-old reportedly has no intention of selling his stake, but the vote would mean that if and when Davis decides to sell, Durban would have the option to buy.
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According to league rules, owners would have to approve Durban as the new controlling owner. The owners will also vote on Davis selling approximately 7 percent of the team to Durban and another limited partner, Michael Meldman, at a franchise valuation of $10 billion.
Owners will vote on the potential sale and stake at the annual league meeting held in Phoenix, which begins on March 29. The league's finance committee has reportedly already approved the option agreement with Durban.
Davis has no intention to sell the Raiders. His family has served as a cornerstone of the franchise and the league for more than five decades, with his father, Al Davis, one of the few who truly transcended the game.
Al was hired as the team's coach and general manager in 1963 and became principal owner in 1972. He won three Super Bowls alongside head coach Jon Madden.
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Davis inherited the Raiders when his father died in 2011. Since he took over the franchise, the Raiders have had two winning seasons but have not secured any playoff wins.
Several head coaches and general managers have come and gone, and the team has moved from Oakland to Las Vegas to play at Allegiant Stadium. Davis brought in Brady as a minority owner and gave him a hands-on role, with the seven-time Super Bowl champion behind the hiring of general manager John Spyek.
Moving forward, Durban hopes to help the Raiders secure their future. He co-runs technology-driven private equity firm Silver Lake and has a net worth of $2.5 billion.
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Silver Lake already has stakes in sports-related companies, including Madison Square Garden Sports — the parent company of the New York Knicks and New York Rangers — and Fanatics Collectibles. Durban has owned 7.5 percent of the team since December 2024, when NFL owners approved the sale of 15 percent of the Raiders to him and Meldman.