Mark Davis is the controlling owner of the Las Vegas Raiders, a role he inherited in 2011 after the death of his father, the legendary and famously combative Al Davis. Mark holds 36% of the franchise, and while that’s a minority of total shares, NFL rules let him operate as controlling owner because no other single investor holds more.
What’s changed recently is the ownership table around him. The Raiders have brought in a wave of new minority investors over the past few years, and 2026 added some genuinely notable names to that list.
Quick Facts
| Team | Las Vegas Raiders |
|---|---|
| Controlling Owner | Mark Davis (36%) |
| Founded | 1960 (Oakland Raiders, AFL) |
| League | NFL (AFC West) |
| Home | Allegiant Stadium, Las Vegas, Nevada |
| Estimated Value | ~$9.9 billion (2026) |
| Notable minority owners | Egon Durban (22%), Tom Wertheimer, Ari Emanuel, Mark Shapiro, Michael Dell, Joseph Baratta |
Ownership History
| Year | Development |
|---|---|
| 1960 | Founded as a charter member of the American Football League by a syndicate led by Wayne Valley and Al Davis later taking control |
| 1972 | Al Davis becomes general partner and controlling owner, a role he’d hold for nearly four decades |
| 1982 | Team relocates from Oakland to Los Angeles amid a legal battle with the NFL over relocation rights |
| 1995 | Team returns to Oakland |
| 2011 | Al Davis dies; son Mark Davis inherits controlling stake |
| 2020 | Team relocates to Las Vegas and opens Allegiant Stadium |
| 2022 | Silver Lake co-CEO Egon Durban’s group acquires a significant minority stake, later expanded |
| 2026 | Durban’s stake grows to 22%; new minority investors approved including Ari Emanuel (1.4%), Mark Shapiro (0.6%), Michael Dell, and Blackstone’s Joseph Baratta (1.7%); franchise valuation reaches roughly $9.9 billion |
Key Ownership Highlights
- Mark Davis remains controlling owner at 36% — he is not selling control, only the surrounding minority stakes have diversified.
- Egon Durban, Silver Lake’s co-CEO, is now the largest minority stakeholder at 22% following his 2026 stake increase.
- Endeavor executives Ari Emanuel and Mark Shapiro joining as minority owners connects the Raiders to the same entertainment/sports ownership network behind UFC and WWE’s parent company, TKO Group.
- Dell Technologies founder Michael Dell and Blackstone’s Joseph Baratta round out a minority ownership group increasingly stacked with private equity and tech money — a trend playing out across the NFL as the league loosened institutional-investment rules in 2024.
Related Reading
Raiders owner Mark Davis also controls the WNBA champion Las Vegas Aces.
FAQ
Does Mark Davis still control the Raiders?
Yes. Despite the growing list of minority investors, Mark Davis retains his 36% controlling stake and full decision-making authority over the franchise.
How much are the Raiders worth?
Recent minority stake transactions value the Raiders at approximately $9.9 billion as of 2026.
Who are the newest Raiders owners?
The 2026 NFL Spring League Meeting approved Ari Emanuel and Mark Shapiro as minority owners, alongside Michael Dell and Joseph Baratta, expanding an investor group already led by Egon Durban.