Raiders valued at $11B in recent minority stake deal, report says

Mick Akers, Las Vegas Review-Journal on Apr 1, 2026

Published in Football

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LAS VEGAS — The Raiders were valued at $11 billion in the selling of a 7% stake in the team to Egon Durban, who could someday become primary owner.

The NFL approved sale of a 3.5% stake in the team to Durban, co-CEO of Silver Lake at the $11.1 billion team valuation, CNBC reported Tuesday, citing an anonymous source. Durban and businessman Michael Meldman previously bought a combined 15% share of the team in 2024, at a valuation of $6.5 billion at the time. Another 3.5% stake in the team is expected to be sold by the Raiders at some point to Durban, according to reports.

“Egon Durban bought 7 percent of the team and he has an option to purchase the controlling interest of the team should I decide to sell,” primary owner Mark Davis told Raiders.com.

The $11 billion stake is above the $9.3 billion CNBC valued the Raiders in the outlet’s 2025 NFL team valuation list. CNBC’s list is compiled by Michael Ozanian, who was one of the originators of team valuation lists while at Forbes, before his jump to CNBC.

The Miami Dolphins announced a 1% sale in their team was approved by the NFL on Tuesday; the deal valued the AFC East team at $12.5 billion, the team said in a news release.

The $11.1 billion figure is an astronomical increase from what the team was worth before they arrived in Las Vegas. In 2015, the year before Las Vegas relocation talks began, Forbes valued the Raiders at $1.43 billion. In 2016, Forbes valued the Raiders at $2.1 billion when the process of moving the team from Oakland to Las Vegas began. Based on the $11 billion valuation, the Raiders’ worth increased by 669% between 2015 and this year.

Adding the $2 billion Allegiant Stadium, partially funded by $750 million in public funding, the over dozen team and stadium partnership deals the Raiders signed with various gaming and vendor entities when they relocated to Southern Nevada and the construction of the team’s Henderson practice facility and headquarters, to which the team sold for $191 million and leased back, played into the initial rise.

Keeping the momentum going and valuation rising, along with a new NFL broadcast deal signed in 2021 and the league already looking to renegotiate that deal, Allegiant Stadium has also been one of the most successful arenas in the world, revenue-wise, since it began hosting events with fans in 2021, with the facility being named the top-grossing stadium in the U.S. and the second highest-grossing in the world last year by Billboard Magazine.

Davis’ team ownership has been a tremendous success on the business side in Las Vegas. On top of the Raiders’ continued rise in valuation, the WNBA’s Aces, which he purchased in 2021 for $2 million from MGM Resorts International, has skyrocketed to an estimated $310 million on Forbes 2025 list. That represents a 15,400% spike since Davis took ownership of the the team.

Davis set the standard by building the Aces the first WNBA-specific training facility and headquarters in league history. The $40 million, 64,000-square-foot facility opened in 2023 and is located next door to the Raiders’ facility in Henderson.

The Aces have won three WNBA championships under Davis’ ownership.