Al Davis paid merely $18,500 for a 10 percent ownership position in the Raiders in 1966. After that, he would either buy out or evict every other owner, eventually taking complete control of the team by 1976. Following Davis’s death in 2011, his son Mark assumed leadership as managing general partner and a 47 percent investor. However, it now seems that Mark Davis is gradually and subtly starting to distance himself from the storied NFL team.
In 2020, Mark Davis relocated the team to Las Vegas, and he recently sold Tom Brady and his business associates Richard Seymour and Tom Wagner a partial share in the squad. He hasn’t finished yet, though. According to Front Office Sports’ Margaret Fleming, Davis is negotiating.It’s possible that Mark Davis may soon possess a minority stake in the Las Vegas Raiders.
According to reports, Davis has consented to sell off an additional 15% of the team. Michael Meldman, a luxury golf developer and cofounder of Casamigos, and his family would be the two new minority owners.
Egon Durban is the board chairman of Endeavor and co-CEO of Silver Lake. 7.5% of the team would go to each, according to Fleming. One minute, thirty-six seconds, zero seconds Ad loading There is also a slight conflict of interest with the new agreement. Endeavor, which owns WME, is about to be acquired by Silver Laker, a firm based in Durban. Superstars like Justin Jefferson and Joe Burrow are among the 78 NFL players represented by WME.
