Report: Owners to vote on Mark Davis ability to sell Raiders ownership stake
Raiders Wire • • sports
Key Points:
- Raiders owner Mark Davis is seeking NFL approval to establish a succession plan that would allow Egon Durban, co-CEO of Silver Lake, the option to purchase a majority stake in the team.
- Davis currently has no plans to sell his majority share but wants to prepare for the future when he may step down from ownership.
- The NFL owners will also vote on Davis selling approximately 7% of the team to Durban and another limited partner, Michael Meldman.
- Mark Davis inherited the team in 2011 after the death of his father, Al Davis, and at age 71, he is planning for the franchise's future given he has no children or siblings.
