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

Cnbc · 🇮🇳 public India · May 14, 2026 · 484 words · By Michael Ozanian

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

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, according to a person familiar with the deal, who asked not to be named because…

Claims checked 17

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Why it matters

The First Football group bought 20% of the Raiders from Al Davis, the father of current owner Mark Davis, in 2007 and subsequently added 5% more of the team at a weighted average valuation of around $700 million, according to two people with knowledge of the…

Common ground

The people asked not to be named because the matter is private.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Group led by Egon Durban to buy 25% of Las Vegas Raiders at $9.9 billion valuation, sources say?
What evidence would most clearly confirm or weaken the claim that 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?
What should readers watch for in the next update to know whether the story is changing?

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_checkClaims Checked

eFinder analyzed this article and checked 17 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 7

check_circle Corroborated 3

verified Verified By Reference 3

help Insufficient Evidence 2

info Single Source 2

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Claim 1: “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”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 2: “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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Claim 3: “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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+ 3 more evidence sources

help

Claim 4: “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.

verified

Claim 5: “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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+ 3 more evidence sources

verified

Claim 6: “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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+ 3 more evidence sources

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Claim 7: “have qualified for the postseason only twice since 2002”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 8: “The Raiders are valued at $9.3 billion, fourth among the league's 32 teams, in CNBC's Official NFL Team Valuations 2025”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 9: “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…

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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…

info

Claim 10: “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/

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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…

verified

Claim 11: “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

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Claim 12: “who have won three of the past four WNBA championships”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 13: “Davis also owns the Las Vegas Aces of the WNBA”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 14: “earlier this month were valued at $500 million by CNBC, fourth-most in the league”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 15: “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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Claim 16: “The Raiders won the Super Bowl following the 1976, 1980 and 1983 seasons”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 17: “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…

travel_explore

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…

travel_explore

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 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.