Mark Davis sells another chunk of Raiders a month after Tom Brady approval

The Raiders are on the verge of adding two more partial owners.

Owner Mark Davis has agreed to sell 15 percent of the team in equal parts to Egon Durban, the Silver Lake co-CEO and Endeavor board chairman, and Michael Meldman, the Discovery Land Company chairman, The Athletic reported Wednesday night.

According to the report, the NFL finance committee could bring the sale for a vote of approval — which would need at least 24 NFL owners to approve — in December at a special league meeting.

Las Vegas Raiders owner Mark Davis looks on prior to a game against the Baltimore Ravens at Paycor Stadium on November 03, 2024 in Cincinnati, Ohio.

Raiders owner Mark Davis looks on before the Raiders’ win over the Ravens earlier in the season. Getty Images

Nevertheless, per the Sports Business Journal, Durban would need to divest itself from WME Sports — which represents NFL players like Joe Burrow and Nick Bosa — as per league rules.

The outlet reports that Durban would comply within month if the sale gets approved.

The pending move comes just a little over a month after NFL icon Tom Brady was part of an ownership group that took a 10 percent stake in the Las Vegas franchise.

Brady, for his part, has a five percent share in the group’s stake in the Raiders.

Co-Ceo of Silver Lake, Egon Durban attends PBR Unleash The Beast at Madison Square Garden on January 07, 2022 in New York City.

Co-Ceo of Silver Lake, Egon Durban attends PBR Unleash The Beast at Madison Square Garden on January 07, 2022 in New York City. Getty Images

Former Patriots star Richard Seymour also bought a stake that equaled less than 1 percent, CNBC reported in October.

Brady, as part owner of the Raiders and also Fox’s No. 1 football analyst, was given restrictions in the broadcast booth, notably that he’s not allowed to visit with teams, players or coaches at team facilities in the lead-up to games, as has become common practice in NFL broadcasting.

Las Vegas Raiders owner and managing general partner and Las Vegas Aces owner Mark Davis (L) and Tom Brady attend Game One of the 2023 WNBA Playoffs finals between the Aces and the New York Liberty at Michelob ULTRA Arena on October 08, 2023 in Las Vegas, Nevada.

Raiders owner and managing general partner and Las Vegas Aces owner Mark Davis and Tom Brady attend Game 1 of the 2023 WNBA Playoffs finals between the Aces and the the visiting Liberty. Getty Images

Though initial reports indicated that Brady would not be allowed to criticize officials in the booth because of his ownership stake, the league clarified that with the Sports Business Journal earlier this month.

The league vice president of communications, Brian McCarthy, said Brady could make comments within reason and that were not “egregiously critical.”

Though Brady’s playing days are over, Davis said in October that the future Hall of Famer can help the team in a big way.

“Although Tom can’t play, I think he can help us select a quarterback in the future and potentially train him as well,” Davis said.

Related Posts

Bojnice Castle is seen by many as Slovakia’s most romantic castle, with a history dating to the 12th century.

About Bojnice Castle Bojnice Castle (Bojnicky zamok) is seen by many as Slovakia’s most romantic castle, with a history dating to the 12th century. The castle has…

The Moszna Castle stands as a symbol of timeless beauty and grandeur

Situated in the quaint village of Moszna in Poland, the castle is a magnificent piece of history that draws the attention of many tourists. This architectural gem…

Aaron Rodgers: Being released by Jets owner’s son would be a ‘great story’

Aaron Rodgers is too old to suffer from any teenage angst. Rodgers, 41, cracked a timely joke Monday on “The Pat McAfee Show” that his future with…

Joe Burrow reveals why he gifted Bengals linemen Katana swords: ‘They wanted guns’

If it was up to Joe Burrow’s teammates, his gift to them may have been a little bit different than the authentic Japanese Katana swords he gave…

SH0CKING: Elon Musk’s New Tesla Restaurant Could Finally End McDonald’s Reign

Eloп Mυsk, kпowп for revolυtioпiziпg iпdυstries from electric vehicles to space exploratioп, is пow settiпg his sights oп the fast-food sector. Tesla’s latest veпtυre, a high-tech restaυraпt…

Texans add Diontae Johnson after Tank Dell’s horrific injury ends season

Wide receiver Diontae Johnson was claimed off waivers by the Texans on Monday, according to multuple reports. Johnson will now get a fresh start in Houston as…