"Mark Davis stated, 'Nothing. Absolutely everything runs exactly the way it's been.' He emphasized that he has no intention of selling a controlling interest in the Raiders."
"Davis mentioned, 'The NFL forces you to have a succession plan. And up until [five] months ago, my mom and I were both alive and my mom passed away.'"
"Egon Durban, who co-runs Silver Lake, already owned 7.5% of the Raiders and had previously purchased that stake in 2024."
"The Raiders have been in the Davis family since Al Davis became principal owner in 1972, making it a significant legacy in the NFL."
NFL owners approved a succession plan for the Las Vegas Raiders, allowing Egon Durban to buy a majority stake from Mark Davis. The plan includes an immediate purchase of 3.5% and a potential future purchase of another 3.5%. Despite this, Davis stated he has no intention of selling a controlling interest. He emphasized that the succession plan is a requirement by the NFL, especially after the passing of his mother, Carol Davis, who was influential in the team's history.
Read at ESPN.com
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