We know what the majority ownership of the Las Vegas Raiders will look like after the Davis family.
At the NFL owners meetings Tuesday, team owners voted to pass a Raiders’ ownership succession plan from the Davis family to current minority team owner Egon Durban.
Raiders owner Mark Davis, who inherited the franchise when his father Al died in 2011, reportedly has no intention of his family not controlling the majority value of the franchise. However, if Davis, 71, or his heirs ever decide to sell the majority interest of the franchise, Durban will have the option of purchasing the controlling interest of the team.
Expect that to be the case. This has long been the plan and with league approval, there is a succession plan firmly in place. All teams are required to have succession plans, so this is more procedural than anything. This may take some time, but it, appears, Durban will one day run the Raiders.
He is a business partner of fellow Raiders’ minority owner Tom Brady. Durban agreed to buy 7.5 percent of the team in 2024. He and his partners have helped bring financial power to the team. Sports Illustrated reported Durban is purchasing another seven percent of the team this year, with 3.5 percent coming now and 3.5 percent happening later in the year.
So, as Davis wanted, the long-term future of the franchise will very much involve Durban and Brady.
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