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Durban-Led Group to Acquire 25% Stake in Las Vegas Raiders at $9.9B Valuation

A consortium led by Egon Durban is purchasing a 25% minority stake in the Las Vegas Raiders from First Football, the team's largest minority shareholder, at a $9.9 billion enterprise valuation. The transaction carries a total consideration of $11 billion, with a 10% sales tax payable to the league and distributed among the other 31 NFL franchises. First Football acquired its initial 20% stake from Al Davis in 2007 and subsequently expanded to 25%, paying a weighted average valuation of approximately $700 million for those holdings. Upon completion, controlling owner Mark Davis will maintain a 36% stake while Durban becomes the largest minority owner with over 11%. The deal requires approval at the NFL owners meeting scheduled for May 19.