With no children to inherit the team, Mark Davis’s long-term control of the Raiders has become a growing question around the NFL, prompting a vote on a reported $10 billion succession plan. However, those close to Davis say he has no intention of selling, with the proposal simply acting as a contingency for the future.

“Mark has no intention to sell his majority stake in the team,” a source close to Davis told ESPN. “This sets up a smooth succession plan.”

However, the proposed vote will be a safety net in case things change. It gives Silver Lake co-CEO Egon Durban the chance to buy a controlling stake from Davis later on.

“NFL owners are scheduled to vote on a Las Vegas Raiders succession plan that gives Silver Lake co-chief executive officer Egon Durban the option to purchase a majority stake in the team from longtime owner Mark Davis, according to multiple ownership and team executives with direct knowledge of the situation,” ESPN reported.

“Although sources close to Davis say he has no intention of selling his majority stake, the vote would mean that if and when Davis, or his heirs, did decide to sell, Durban, a limited partner, would have the option to buy the club,” the report said. “Owners would then have to approve Durban as the new controlling owner, per league rules.”

Egon Durban has been with the Raiders since 2024, when he became a minority owner after buying 7.5% of the team. At the same time, Michael Meldman, the founder of Discovery Land Co., purchased the other 7.5%.

Interestingly, soon after that, Mark Davis also brought in more minority owners. He brought in Tom Brady with a 5% share, alongside Tom Wagner (5%) and franchise legend Richard Seymour (0.5%).

NFL owners will vote on Mark Davis selling about 7% more of the Raiders to Egon Durban and Michael Meldman. The league’s finance committee has already given the green light to the agreement, as reported by ESPN. This vote will take place at the annual meeting in Phoenix starting March 29. If it goes through, the deal would imply a valuation of the Raiders at nearly $10 billion, based on the minority stake sale.

That implied figure reflects how Davis has leaned heavily into the business side since taking over, including the move to Las Vegas and the expansion of the ownership group.

Mark Davis took a different path than his Hall of Fame father, Al Davis

The story of the Raiders cannot be told without the Davis family, which has shaped the franchise for over 50 years. Al Davis, Mark Davis’ father, built his legacy early after joining as head coach and general manager in 1963 before becoming the principal owner in 1972. His presence quickly grew beyond just football and turned him into one of the most recognized figures in all of sports.

He guided the silver and black to three Super Bowl titles and an AFL Championship, earning NFL Executive of the Year honors twice in the process.

His commitment to inclusion, creating opportunities for underrepresented groups, was a defining part of his legacy long before his 1992 Hall of Fame induction.

However, since taking over in 2011, Mark Davis has taken a very different path in Sin City. Unlike his father’s hands-on style, he has been less involved in day-to-day football decisions and leaned more into business operations. That shift has paid off financially, as the franchise value has surged, reaching around $7.7 billion by August 2025 and placing the team among the NFL’s most valuable.

His biggest decision was moving the team from Oakland to Las Vegas in 2020, where they now play at Allegiant Stadium. But while Raider Nation embraced the new home, the team’s performance hasn’t matched the excitement.

During Davis’ ongoing tenure, the team has had limited on-field success, with only a couple of winning seasons and no playoff wins. In an effort to spark on-field success, Davis made several coaching and management changes, but nothing paid off. The team finished 4-13 in 2024 and 3-14 in 2025, highlighting recent struggles.

This season, Mark is counting on new head coach Klint Kubiak to help bring some much-needed stability and success back to the Raiders. As the franchise secures its long-term future off the field, the pressure now mounts on Kubiak to deliver the on-field success that has long eluded the Raiders under Davis’s ownership.