NFL owners will vote next month on a succession plan that would allow Silver Lake co-CEO Egon Durban to become the Las Vegas Raiders’ majority owner if Mark Davis ever decides to sell the franchise.

Davis confirmed to the Review-Journal that the plan, which goes before owners at the league’s annual meeting March 29-April 1 in Phoenix, gives Durban the right to purchase Davis’ majority stake. Davis stressed he has no immediate plans to sell, but the vote would pave the way for a future transition.

Durban, 52, already owns a minority stake in the Raiders. In 2024, he and businessman Michael Meldman each bought 7.5 percent of the team. At the time, Davis said the partnership extended beyond finances. “They’re going to help us immensely on the business side of the organization,” Davis said in December 2024.

According to Forbes, Durban’s net worth is $2.5 billion. He joined Silver Lake at its founding in 1999 and serves on the boards of TKO Group Holdings (which oversees UFC, WWE, Zuffa Boxing and Professional Bull Riders), Endeavor Group Holdings, Dell Technologies and Waymo. Before Silver Lake, Durban worked in investment banking at Morgan Stanley. He holds a finance degree from Georgetown University.

Davis, 70, became the Raiders’ majority owner in 2011 after his father Al Davis died. He inherited the remaining stake from his mother Carol Davis when she passed in October. Under Davis, the team relocated from Oakland to Las Vegas and built the $2 billion Allegiant Stadium. The Raiders’ valuation rose from $2.92 billion in their first Las Vegas season to $7.9 billion last year, per Sportico. Davis also owns the WNBA’s Las Vegas Aces, which he bought for $2 million in 2021 and are now worth $310 million, according to Forbes.