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Egon Durban

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Raiders owners weigh succession plan that could elevate Egon Durban to controlling stake
sports22 days ago

Raiders owners weigh succession plan that could elevate Egon Durban to controlling stake

NFL owners will vote at the spring meeting in Phoenix on a Raiders succession plan that would allow Silver Lake co-CEO Egon Durban to purchase a majority stake from Mark Davis, potentially placing him as the future controlling owner. Durban already holds a minority stake (about 7.5%) and has been involved in the organization, with a second minority stake offered to limited partner Michael Meldman; Davis, who turned 71 and recently inherited his mother’s shares, has not indicated an intent to sell. The plan would require owners’ approval to finalize Durban as the new controlling owner if/when a sale occurs.

Davis Sets Raiders Succession Plan, Keeps Controlling Interest Left Intact
sports22 days ago

Davis Sets Raiders Succession Plan, Keeps Controlling Interest Left Intact

Raiders owner Mark Davis approves a succession plan that would sell about 7% of the team to Egon Durban and Michael Meldman, with Durban holding a right of first refusal to buy the franchise; the plan values the equity at about $10 billion. Davis says he has no intention of selling his controlling stake, a move meant to enable a smooth transition and block the prospect of Tom Brady taking control.