NFL Approves Sale of 7 Percent of Raiders at Over $11 Billion Valuation

about 1 month ago

NFL Approves Sale of 7 Percent of Raiders at Over $11 Billion Valuation

The NFL approved the sale of 7% of the Raiders by controlling owner Mark Davis to Egon Durban, the co-CEO of Silver Lake, and Michael Meldman, the founder and chairman of Discovery Land Co., at an $11.1 billion valuation. The deal includes a 10% “flip tax” the buyers are paying the NFL. The flip tax rate is 10% from April 2022 through March 2027.




By Nidheesh Kumar

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