Las Vegas Raiders owner Mark Davis agreed in principle to sell 15% of the team, a source told The Athletic’s Tashan Reed.
Silver Lake co-CEO and Endeavor board chairman Egon Durban and Discovery Land Company founder and chairman Michael Meldman each bid separately to acquire 7.5% stakes in the Raiders, according to Reed. The NFL has reportedly reviewed the terms of the transaction.
Davis would remain the controlling owner of the Raiders if the deal becomes official.