Silver Lake co-CEO and Endeavor chairman Egon Durban will buy 7.5 percent of Raiders
On the heels of selling a piece of the team to Tom Brady and Richard Seymour, Raiders owner Mark Davis is shaving off even more of the equity in the franchise.
Fifteen percent more, in all.
Ben Fischer of Sports Business Journal reports that Silver Lake co-CEO and Endeavor chairman Egon Durban has a deal in place to buy 7.5 percent of the Raiders.
Under league rules, the move would require Endeavor to divest itself of the WME Sports’ football representation business.
Said WME Sports co-head Josh Pyatt in a statement to Fischer: “WME Sports’ football group continues to operate business as usual, and we are prepared for various scenarios as it relates to our football representation business, which is thriving, Our priority remains creating growth and opportunity for our clients and partners.”
