PHOENIX — NFL owners voted Tuesday to approve a succession plan for the Las Vegas Raiders that would allow minority owner Egon Durban to acquire majority control from Mark Davis, should the 70-year-old owner decide to sell.
Commissioner Roger Goodell confirmed the vote during his press conference at the NFL Meeting at the Arizona Biltmore. The plan gives Silver Lake co-CEO Durban the right to purchase Davis’ majority stake, though any sale would still require league approval.
In an exclusive interview with the Review-Journal, Davis downplayed the significance of the development. “The NFL requires us to have a succession plan,” he said. Davis took over as majority owner after his father Al Davis died in 2011, and inherited his mother Carol Davis’ stake when she died last October.
Davis emphasized he has no intention of selling anytime soon. Instead, he expressed optimism about the team’s direction under general manager John Spytek and head coach Klint Kubiak. “I’m really impressed with John Spytek. I really like him a lot, and I think he’s going to build something special here,” Davis said. “And I think Klint Kubiak is going to be the head coach that’s going to take us into the future.”
He pointed to the team’s free-agent signing of center Tyler Linderbaum and the upcoming No. 1 draft pick as reasons for hope. “I don’t know who we’re taking, but that’s a positive,” Davis said with a smile. “So I’m really happy. I really am. But, again, we always win the offseason. It’s time that we do it during the season.”
Davis described his management style as similar to what he did with the WNBA’s Las Vegas Aces: “Get the right people, and then get out of the way.”
Who is Egon Durban?
Durban, 52, purchased a 7.5 percent stake in the Raiders in 2024 alongside businessman Michael Meldman. At the time, Davis said the deal went beyond a financial transaction. Durban’s net worth is $2.5 billion, according to Forbes.
He has been with private equity firm Silver Lake since its 1999 launch and sits on the boards of TKO Group Holdings (UFC, WWE, Zuffa Boxing, Professional Bull Riders), Endeavor Group Holdings, Dell Technologies, and robotaxi company Waymo. Before Silver Lake, Durban worked at Morgan Stanley. He holds a finance degree from Georgetown University.
