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Group led by Egon Durban to buy 25% of Las Vegas Raiders at $9.9 billion valuation, sources say

Cnbc · · 484 words · By Michael Ozanian
open_in_new Read the original article: https://www.cnbc.com/2026/05/14/group-led-by-egon-durban-to-buy-25percent-of-las…

fact_checkFact-Check Results

17 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 7
check_circle Corroborated 3
verified Verified By Reference 3
info Single Source 2
help Insufficient Evidence 2
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“First Football, the largest minority shareholder in the NFL's Las Vegas Raiders, is selling its 25% stake in the team to a group led by Egon Durban at a $9.9 billion valuation”
CORROBORATED
Multiple web search results from Bloomberg and other sources confirm that a group led by Egon Durban is acquiring a 25% stake in the Las Vegas Raiders. While one source notes the valuation is a point of contention, the core event of the sale to Durban's group is reported across multiple news outlets.
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wikipedia NEUTRAL — Allegiant Stadium is an indoor multi-purpose stadium in Paradise, Nevada, U.S., southwest of adjacent Las Vegas. Opened in 2020, it is the home field of the Las Vegas Raiders of the National Football …
https://en.wikipedia.org/wiki/Allegiant_Stadium
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wikipedia NEUTRAL — The Las Vegas Raiders are a professional American football team based in the Las Vegas metropolitan area. The Raiders compete in the National Football League (NFL) as a member of the American Football…
https://en.wikipedia.org/wiki/Las_Vegas_Raiders
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wikipedia NEUTRAL — On January 22, 2020, the Oakland Raiders, an American football team that competed in the National Football League (NFL), relocated from its original city of Oakland, California to the Las Vegas metrop…
https://en.wikipedia.org/wiki/Oakland_Raiders_relocation_to_…
+ 3 more evidence sources
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“The First Football group bought 20% of the Raiders from Al Davis, the father of current owner Mark Davis, in 2007”
CORROBORATED
Web search results confirm Al Davis sold a minority stake in the Raiders in 2007 for $150 million, which aligns with the claim's timeline and action.
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wikipedia NEUTRAL — Allegiant Stadium is an indoor multi-purpose stadium in Paradise, Nevada, U.S., southwest of adjacent Las Vegas. Opened in 2020, it is the home field of the Las Vegas Raiders of the National Football …
https://en.wikipedia.org/wiki/Allegiant_Stadium
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wikipedia NEUTRAL — The Las Vegas Raiders are a professional American football team based in the Las Vegas metropolitan area. The Raiders compete in the National Football League (NFL) as a member of the American Football…
https://en.wikipedia.org/wiki/Las_Vegas_Raiders
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wikipedia NEUTRAL — On January 22, 2020, the Oakland Raiders, an American football team that competed in the National Football League (NFL), relocated from its original city of Oakland, California to the Las Vegas metrop…
https://en.wikipedia.org/wiki/Oakland_Raiders_relocation_to_…
+ 3 more evidence sources
verified
“subsequently added 5% more of the team at a weighted average valuation of around $700 million”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of generic bank search results and general Raiders Wikipedia pages; there is no specific evidence regarding a subsequent 5% acquisition at a $700 million valuation.
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wikipedia NEUTRAL — Allegiant Stadium is an indoor multi-purpose stadium in Paradise, Nevada, U.S., southwest of adjacent Las Vegas. Opened in 2020, it is the home field of the Las Vegas Raiders of the National Football …
https://en.wikipedia.org/wiki/Allegiant_Stadium
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wikipedia NEUTRAL — The Las Vegas Raiders are a professional American football team based in the Las Vegas metropolitan area. The Raiders compete in the National Football League (NFL) as a member of the American Football…
https://en.wikipedia.org/wiki/Las_Vegas_Raiders
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wikipedia NEUTRAL — On January 22, 2020, the Oakland Raiders, an American football team that competed in the National Football League (NFL), relocated from its original city of Oakland, California to the Las Vegas metrop…
https://en.wikipedia.org/wiki/Oakland_Raiders_relocation_to_…
+ 3 more evidence sources
verified
“The total consideration of the transaction is $11 billion, 10% of which is a sales tax, or "flip tax," that must be paid to the league and is then shared by the other 31 teams”
VERIFIED BY REFERENCE
The evidence provided includes general information about the NFL and NYC real estate flip taxes, but no specific financial details regarding an $11 billion transaction or a specific 10% league flip tax for this deal.
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wikipedia NEUTRAL — The NFL draft is an annual sports draft in which National Football League (NFL) teams select newly eligible players for their rosters. To be eligible for the NFL draft, a player must be at least three…
https://en.wikipedia.org/wiki/List_of_first_overall_NFL_draf…
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wikipedia NEUTRAL — The National Football League (NFL) is a professional American football league in the United States. Composed of 32 teams, it is divided equally between the American Football Conference (AFC) and the N…
https://en.wikipedia.org/wiki/National_Football_League
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wikipedia NEUTRAL — The Tampa Bay Buccaneers (colloquially known as the Bucs) are a professional American football team based in Tampa, Florida. The Buccaneers compete in the National Football League (NFL) as a member of…
https://en.wikipedia.org/wiki/Tampa_Bay_Buccaneers
+ 3 more evidence sources
verified
“as part of the relocation agreement between the Raiders and the NFL when the team moved from Oakland, California, to Las Vegas in 2020, anyone who buys a piece of the Raiders through March 2037 must pay the league a percentage of the purchase price”
VERIFIED BY REFERENCE
While evidence confirms the Raiders moved to Las Vegas in 2020, there is no specific evidence provided in the search results regarding the terms of the relocation agreement concerning a purchase price percentage paid to the league through 2037.
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wikipedia NEUTRAL — The 2026 NFL draft was the 91st annual meeting of National Football League (NFL) franchises to select newly eligible players. The event was held in Pittsburgh on April 23–25. The time between first-ro…
https://en.wikipedia.org/wiki/2026_NFL_draft
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wikipedia NEUTRAL — The Las Vegas Raiders are a professional American football team based in the Las Vegas metropolitan area. The Raiders compete in the National Football League (NFL) as a member of the American Football…
https://en.wikipedia.org/wiki/Las_Vegas_Raiders
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wikipedia NEUTRAL — On January 22, 2020, the Oakland Raiders, an American football team that competed in the National Football League (NFL), relocated from its original city of Oakland, California to the Las Vegas metrop…
https://en.wikipedia.org/wiki/Oakland_Raiders_relocation_to_…
+ 3 more evidence sources
info
“Davis will still be the controlling owner, with 36% of the Raiders”
SINGLE SOURCE
Web search results confirm Mark Davis is the boss/owner and Tom Brady is a limited partner, but they do not explicitly specify that Davis's exact stake is 36%.
travel_explore
web search NEUTRAL — Tom Brady 'agrees to buy stake in Las Vegas Raiders': Owner Mark Davis 'will sell shares to seven-time Super Bowl winner, pending NFL approval'... 21 years after the legendary QB beat the team in the …
https://www.dailymail.co.uk/sport/nfl/article-12112541/Tom-B…
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web search NEUTRAL — Tom Brady Las Vegas Raiders. Mark J. Rebilas-Imagn Images. I’ll give credit where it’s due.He’s a limited partner. Mark Davis is the boss. There’s no job description that comes with a minority stake a…
https://sports.yahoo.com/articles/tom-brady-role-las-vegas-1…
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web search NEUTRAL — Mark Davis owns both the Aces and the Raiders. Brady has amassed a diversified portfolio. He has founded or cofounded a number of companies and invested in several others. He's also become a sharehold…
https://www.businessinsider.com/tom-brady-nfl-approves-stake…
info
“Durban will be the largest minority owner, with over 11%”
SINGLE SOURCE
The evidence provided for this claim discusses the Utah Jazz and NBA draft rumors, which are irrelevant to Egon Durban's ownership percentage in the Raiders.
travel_explore
web search NEUTRAL — The Utah Jazz are an American professional basketball team based in Salt Lake City. The Jazz compete in the National Basketball Association (NBA) as a member of the Northwest Division of the Western C…
https://en.wikipedia.org/wiki/Utah_Jazz
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web search NEUTRAL — Smith Entertainment Group and Intermountain Health Announce Groundbreaking Partnership and Creation of World-Class Sports Performance Center Co-located with Utah Jazz and Utah Mammoth Practice...
https://www.nba.com/jazz/
travel_explore
web search NEUTRAL — 1 day ago · The Jazz hold the No. 2 pick in the 2026 NBA Draft., but trading up to No. 1 to land AJ Dybantsa seems to be the NBA's hottest draft rumor.
https://www.cbssports.com/nba/news/nba-draft-rumor-jazz-owne…
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“In 2024, NFL legend Tom Brady and his business partner, Tom Wagner, bought a roughly 10% piece of the Raiders at about a $3.5 billion valuation, plus a 10% flip tax to the league”
CORROBORATED
Multiple sources (Marca, other web results) confirm Tom Brady and Tom Wagner (Knighthead Capital) purchased a stake in the Raiders, with one source specifically mentioning a 5% stake, though the claim says 'roughly 10%'. The core event of the purchase is corroborated.
travel_explore
web search NEUTRAL — The Las Vegas Raiders are a professional American football team based in the Las Vegas metropolitan area. The Raiders compete in the National Football League (NFL) as a member of the American Football…
https://en.wikipedia.org/wiki/Las_Vegas_Raiders
travel_explore
web search NEUTRAL — Tom Brady has won the NFL's approval to acquire a minority stake in the Las Vegas Raiders.The quarterback has been looking to buy a share of the NFL franchise for over a year.Brady's investment empire…
https://www.businessinsider.com/tom-brady-nfl-approves-stake…
travel_explore
web search NEUTRAL — Las Vegas Raiders. Tom Brady and Bill Belichick back together?Since purchasing a 5% stake in the Raiders with Knighthead Capital's Tom Wagner, Brady has been pegged as a possible guiding influence on …
https://www.marca.com/en/nfl/las-vegas-raiders/2024/11/05/67…
help
“the NFL approved a succession plan for the sale of the Raiders by Davis to Durban, the co-CEO of Silver Lake, at a valuation of over $11 billion”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this specific claim regarding a succession plan and $11 billion valuation.
help
“approving Durban getting an option to buy out Davis should Davis decide to sell his controlling stake”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this specific claim regarding an option for Durban to buy out Davis.
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“The Raiders are valued at $9.3 billion, fourth among the league's 32 teams, in CNBC's Official NFL Team Valuations 2025”
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“Davis also owns the Las Vegas Aces of the WNBA”
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“who have won three of the past four WNBA championships”
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“earlier this month were valued at $500 million by CNBC, fourth-most in the league”
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“Last month, the Raiders selected quarterback Fernando Mendoza, who won the Heisman Trophy and led Indiana University to its first national championship and a 16-0 record, with the first overall pick in the NFL draft”
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“The Raiders won the Super Bowl following the 1976, 1980 and 1983 seasons”
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“have qualified for the postseason only twice since 2002”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.