NFL owners are scheduled to vote on a Las Vegas Raiders succession plan that gives Silver Lake co-chief executive officer Egon Durban the option to purchase a majority stake in the team from longtime owner Mark Davis, according to multiple ownership and team executives with direct knowledge of the situation.
Although sources close to Davis say he has no intention of selling his majority stake, the vote would mean that if and when Davis, or his heirs, did decide to sell, Durban, a limited partner, would have the option to buy the club. Owners would then have to approve Durban as the new controlling owner, per league rules.
Four sources with knowledge of the situation said that owners will also vote on Davis selling roughly 7% of the team to Durban and another limited partner, Michael Meldman. That sale would put the team’s valuation at nearly $10 billion, two of those sources said.