A group headed by Silver Lake co-CEO Egon Durban is set to buy a 25 percent stake in the Las Vegas Raiders, according to a Bloomberg report Thursday. The transaction would boost Durban and his investors’ combined ownership to nearly 40 percent of the franchise.

The stake is being sold by existing minority owners, not by majority owner Mark Davis, who will retain control of the team. Bloomberg cited unnamed sources in its report. The deal has already cleared the NFL’s finance committee and is expected to go before all 32 owners for a vote at next week’s spring league meetings in Orlando.

Durban and Discovery Land Co. founder Michael Meldman each purchased 7.5 percent stakes in the Raiders in 2024. In March, Durban’s group added another 3.5 percent, a transaction that valued the team at $11 billion, according to CNBC. That same month, league owners approved a succession plan that positions Durban to become the next controlling owner if Davis ever decides to sell.

The Raiders’ valuation has soared since their relocation to Las Vegas. In 2015, before the move was discussed, the franchise was worth $1.43 billion. CNBC’s most recent estimate in 2025 pegged the team’s value at $9.3 billion.

It remains unclear which minority investors are selling their shares in the latest deal.