The NFL will vote on the sale of the Las Vegas Raiders at the upcoming annual meeting of team owners. This is despite the fact that owner Mark Davis does not want to sell.

The NFL owners will vote on a succession plan for the Las Vegas Raiders at their annual meeting in Phoenix. The plan gives Egon Durban of the equity firm Silver Lake the option to purchase a majority stake in the franchise from longtime owner Mark Davis.

The vote is scheduled for the team owners’ meeting, which begins March 29 in Phoenix. The NFL Finance Committee has already approved the option agreement.

The owners must now approve the potential change and Durban as the new controlling owner – as league rules dictate in ownership transitions.

Las Vegas Raiders: Davis has no intention of selling

Mark Davis has held the majority stake since the death of his father Al Davis in 2011. According to a source close to him, the 71-year-old Davis has “no intention of selling his majority stake”.

The plan is merely to ensure a smooth succession should Davis or his heirs sell at some point. Davis himself declined to comment.

Durban has been a minority shareholder since December 2024, when the NFL owners approved the sale of 15 percent of the shares to Durban and Michael Meldman (Discovery Land Co.). Durban holds 7.5 percent of this. The latest partial sale of around seven percent values the team at almost ten billion dollars.

The Davis family has been active in the NFL business for over 50 years. Al Davis has led the team as coach, general manager and owner since 1972 and has won three Super Bowls. The vote is considered a formality, as the Finance Committee has already approved the plan.

Written by Michael