NFL owners will vote on a succession plan for the Las Vegas Raiders at their annual league meeting in Phoenix starting March 29.
Approved by the finance committee, the plan allows Silver Lake co-CEO Egon Durban to purchase a majority stake from Mark Davis or his heirs if they sell the franchise. Owners will also vote on Davis selling about seven percent to Durban and Michael Meldman, which would value the team at nearly $10 billion.
Davis, 71, inherited the Raiders from his father, Al Davis, in 2011 and has no plans to sell his controlling interest, a source close to Davis told ESPN.
“Mark has no intention to sell his majority stake in the team. This sets up a smooth succession plan,” they said.
The Davis family has owned the team for over 50 years. Al Davis was a pioneering executive who won three Super Bowls. Under Mark Davis, the Raiders have had only two winning seasons and no playoff wins.
The club relocated to Las Vegas in 2020 after recent poor seasons, including 4-13 in 2024 and 3-14 in 2025.
If the option is exercised in the future, owners must then approve Durban as the new controlling owner.
