Mark Davis sells another chunk of Raiders a month after Tom Brady approval
The Raiders are on the verge of adding two more partial owners.
Owner Mark Davis has agreed to sell 15 percent of the team in equal parts to Egon Durban, the Silver Lake co-CEO and Endeavor board chairman, and Michael Meldman, the Discovery Land Company chairman, The Athletic reported Wednesday night.
According to the report, the NFL finance committee could bring the sale for a vote of approval — which would need at least 24 NFL owners to approve — in December at a special league meeting.
Nevertheless, per the Sports Business Journal, Durban would need to divest itself from WME Sports — which represents NFL players like Joe Burrow and Nick Bosa — as per league rules.
The outlet reports that Durban would comply within month if the sale gets approved.
The pending move comes just a little over a month after NFL icon Tom Brady was part of an ownership group that took a 10 percent stake in the Las Vegas franchise.
Brady, for his part, has a five percent share in the group’s stake in the Raiders.
Former Patriots star Richard Seymour also bought a stake that equaled less than 1 percent, CNBC reported in October.
Brady, as part owner of the Raiders and also Fox’s No. 1 football analyst, was given restrictions in the broadcast booth, notably that he’s not allowed to visit with teams, players or coaches at team facilities in the lead-up to games, as has become common practice in NFL broadcasting.
Though initial reports indicated that Brady would not be allowed to criticize officials in the booth because of his ownership stake, the league clarified that with the Sports Business Journal earlier this month.
The league vice president of communications, Brian McCarthy, said Brady could make comments within reason and that were not “egregiously critical.”
Though Brady’s playing days are over, Davis said in October that the future Hall of Famer can help the team in a big way.
“Although Tom can’t play, I think he can help us select a quarterback in the future and potentially train him as well,” Davis said.
