8legs: Silver lake

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#1 out of 2

NFL owners approved a succession plan for the Las Vegas Raiders, enabling a stake transfer to Egon Durban.
The plan allows Durban and Michael Meldman to buy extra shares now, with more potential later.
Davis said he has no intention of selling a controlling interest in the Raiders.
The vote passed at the NFL annual meeting with 24 affirmative votes required for approval.
Durban already co-runs Silver Lake, a private equity firm with stakes in sports and entertainment.
Mark Davis noted the Raiders have been in the Davis family since 1972 and his mother recently passed away.
Davis stressed the Raiders’ legacy will remain in the Davis family.
Durban’s stake evolution includes a prior 7.5% holding and a 5% stake sale to Tom Brady.
The plan anticipates a potential additional 3.5% stake to be sold to Durban later.
The disclosure confirms the Raiders’ ownership changes occurred at the league’s annual meeting.

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#2 out of 2

NFL owners approved a Raiders succession plan allowing the sale of additional franchise stakes to Egon Durban and Michael Meldman.
The plan includes a potential future sale of an additional 3.5% stake to Davis, with similar steps possible later.
Mark Davis states he has no intention of selling a controlling interest in the Raiders.
Davis said the succession plan is a requirement from the NFL, linked to family history with the team.
Durban already held a 7.5% stake in the Raiders prior to the new arrangement.
The plan also notes Brady’s past partial stake sales, reflecting ongoing ownership changes.
Silver Lake co-chief executive officer Egon Durban would lead the majority stake transition if completed.
The plan received 24 affirmative votes, required for passage from the 32 NFL franchises.
Davis emphasized the development means 'Nothing. Absolutely everything runs exactly the way it's been.'
The Raiders have been in the Davis family since 1972, marking a long lineage of ownership.

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