Ari Emanuel, Mark Shapiro to Acquire Minority Stakes in NFL's Las Vegas Raiders
Variety • • sports
Key Points:
- Ari Emanuel and Mark Shapiro, executives at WME and TKO Group, are acquiring minority ownership stakes in the Las Vegas Raiders, with Emanuel owning 1.4% and Shapiro 0.6%.
- Mark Davis remains the controlling shareholder of the Raiders, while other investors including Michael Dell and Joseph Baratta are also buying stakes, and Egon Durban and Michael Meldman are increasing theirs.
- The investments led by Egon Durban value the Raiders at approximately $9.9 billion, reflecting the franchise's significant market worth.
- This marks Emanuel and Shapiro’s first entry into NFL ownership, although Shapiro has prior NFL-related experience through media rights and hospitality ventures.
- The Raiders, originally founded in Oakland in 1960, relocated to Las Vegas in 2020 and have been under the Davis family’s ownership since 1972.