Las Vegas Raiders to Sell 25% Stake to Egon Durban-Led Group

A group led by Silver Lake executive Egon Durban is acquiring 25% of the Las Vegas Raiders, according to people familiar with the matter.

The equity being sold is from minority investors and not controlling owner Mark Davis, said the people, asking not to be named discussing private information. The transaction values the Raiders at $9.9 billion, but Durban’s blended rate in the deal is believed to be under $8 billion, the people said. Sportico has the team’s value at $7.9 billion, ranking ninth in the NFL.