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sports19h ago
NFL approves sale of 7% of Las Vegas Raiders at over $11 billion valuation
- The NFL approved selling a 7% Raiders stake at an $11.1 billion valuation.
- The deal includes a 10% flip tax paid to the NFL under the relocation agreement.
- Durban and Meldman previously bought 15% of the Raiders for $6.5 billion in December 2024, including the flip tax.
- The Raiders were valued at $9.3 billion in CNBC's 2025 NFL team valuations.
- The sale coincides with the NFL seeking higher media-rights fees amid current long-term deals.
- The report notes additional investors, including Tom Brady, joined as minority investors.
- The Raiders moved to Las Vegas in 2020 under a relocation agreement with the NFL.
- CNBC valued the Dolphins at over $11 billion in a related CNBC report.
- CNBC's 2025 valuation placed the Raiders fourth in the NFL by team value.
- The sale alters the Raiders' ownership structure and future sale rights.
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