Raiders ownership takes massive shift with Tom Brady in place
New York Post • • sports
Key Points:
- The NFL approved a group led by Silver Lake’s Egon Durban and Discovery Land Company’s Michael Meldman to purchase a 25% stake in the Raiders, increasing Durban’s ownership to 22% and Meldman’s to 12.9%.
- Other Silver Lake executives Ari Emanuel and Mark Shapiro also acquired minority stakes, owning 1.4% and 0.6% respectively, as part of a broader effort to bring new leadership and infrastructure to the Raiders.
- Raiders owner Mark Davis retains controlling interest with 36% ownership and plans to remain in control for years, while Durban is positioned as the likely future owner under a new NFL succession plan.
- The 25% stake was purchased from First Football, the Raiders’ largest minority shareholder, at a valuation of $9.9 billion, significantly higher than the $700 million valuation when First Football bought the stake in 2007.
- Tom Brady, besides being a minority owner, serves as the Raiders’ de facto president of football operations, working closely with GM John Spytek on recent coaching hires and player acquisitions to revamp the team.