Who Owns Las Vegas Raiders: Major Shareholders

The Raiders have always stood apart in the NFL, carrying an edge that matches their fan base. Their move to Las Vegas only strengthened that image, giving the team a new home and bigger spotlight. At the heart of it all is ownership, a subject fans often ask about. So, who owns Las Vegas Raiders today, and how has that shaped the team’s identity?

Las Vegas Raiders Profile

The Raiders are a professional NFL team competing in the American Football Conference (AFC) West. Their home base is Las Vegas, Nevada. Since their charter in 1960, they have moved cities, changed leadership, won championships, and developed a strong identity.

As of 2025, the Raiders are under new coaching management and continuing to build under a new general manager, aiming to return to winning ways after a few rough seasons.

Founders

• The franchise was granted on January 30, 1960, as one of the original teams of the American Football League (AFL).
• Key initial founders were Chet Soda and Ed McGah (also spelled “McGa(h)” sometimes), along with F. Wayne Valley, among others. Soda served as the first president and general manager. McGah and Valley were significant shareholders early on.
• Over time, ownership consolidated under Al Davis, who came in as head coach and general manager in 1963 and eventually acquired full control.

Major Milestones

• 1960 – The Raiders are founded; they play their first regular-season game as an AFL charter member.
• 1963 – Al Davis is hired as head coach and general manager. His influence begins a transformation in team culture and performance.
• 1967 – The Raiders win their first AFL Championship and make their first appearance in the Super Bowl (Super Bowl II) after the AFL-NFL merger is still a few years away.
• 1970 – The Raiders join the NFL fully after the AFL-NFL merger.
• 1976 – Under the leadership of Al Davis and coach John Madden, the Raiders win Super Bowl XI following a dominant season.
• 1980 – Win Super Bowl XV, becoming the first wild card team to win a Super Bowl.
• 1984 – Raiders win Super Bowl XVIII, one of their three total Super Bowl titles.
• 1982 / 1995 – Franchise relocates: first from Oakland to Los Angeles (1982), then returns to Oakland (1995).
• 2002 – The Raiders reach the Super Bowl (Super Bowl XXXVII) under coach Jon Gruden, but lose.
• 2011 – Al Davis dies; ownership passes to his son Mark Davis.
• 2017 – NFL owners vote to allow the Raiders to relocate to Las Vegas; begins process leading to move.
• 2020 – The Raiders begin playing in Las Vegas, with Allegiant Stadium as their home.
• 2024-25 – New leadership changes: new general manager John Spytek and head coach Pete Carroll in 2025. Also, the team sells outside equity (Tom Brady and his partner acquire a ~10% stake in a 15% minority ownership deal).

Who Owns Las Vegas Raiders: Top Shareholders

The Las Vegas Raiders are primarily owned by Mark Davis. He is the son of the late Al Davis, the legendary owner and football executive who shaped the team’s identity for decades. Mark Davis inherited controlling ownership after Al Davis passed away in 2011.

The Las Vegas Raiders remain primarily controlled by the Davis family, but in recent years, new minority investors have joined. This has diversified ownership while still keeping majority control with Mark Davis.

Below is the detailed breakdown of the current shareholders of the Raiders as of September 2025:

Mark Davis – 51%

Mark Davis is the principal owner and managing general partner of the Raiders. He inherited control in 2011 after the death of his father, Al Davis. With 51% ownership, Davis holds the majority stake, which gives him ultimate authority over business and football operations.

His decisions have shaped the modern Raiders, including the move to Las Vegas and the construction of Allegiant Stadium. In 2024, he sold a portion of the team to minority investors but retained control.

Carol Davis – 34%

Carol Davis, widow of Al Davis and mother of Mark Davis, continues to own a significant share of the Raiders. Holding around 34%, she remains an important part of the Davis family’s control.

While she is not involved in day-to-day decisions, her ownership helps maintain the family legacy within the franchise. Her share, combined with Mark’s, ensures the Davis family keeps a commanding majority stake.

Tom Brady – 5%

In 2024, Tom Brady officially became a minority owner of the Raiders, approved by the NFL. He owns approximately 5% of the franchise. While Brady’s stake is small compared to the Davis family, his influence is significant because of his status as an NFL legend and businessman.

Brady’s involvement has also drawn attention to possible conflicts of interest with his broadcasting career, but his role remains primarily financial and advisory.

Tom Wagner – 5%

Tom Wagner, co-founder of Knighthead Capital, owns about 5% of the Raiders. He entered ownership alongside Tom Brady as part of a joint purchase. Wagner is not a public-facing owner but plays a key role as an investor. His stake represents part of the broader push to bring outside capital into the franchise.

Egon Durban – 2.5%

Egon Durban, co-CEO of Silver Lake Partners, joined the ownership group in late 2024. He purchased about 2.5% of the franchise. Durban’s involvement is financial, with no direct role in operations. His investment reflects the Raiders’ growing value and appeal as a sports asset.

Michael Meldman – 2.5%

Michael Meldman, a real estate developer and co-founder of Casamigos Tequila, also became a minority investor in 2024. He owns around 2.5% of the Raiders. Like Durban, his role is financial, contributing capital while leaving control to the Davis family.

Las Vegas Raiders Ownership History

The Raiders’ ownership story is as eventful as the team itself. From a group of local businessmen founding the franchise in 1960 to the long-lasting reign of Al Davis and now the leadership of his son Mark Davis, the franchise has seen major shifts in control. Each transition has shaped the team’s philosophy, stability, and direction, ultimately leading to the current mix of family control and minority investors.

Founding Years (1960–1962)

The Raiders were awarded as the AFL’s eighth franchise in 1960, after the Minneapolis group defected to the NFL. Local businessmen — led by Chet Soda, Wayne Valley, and Ed McGah — formed a syndicate to fund the team.

However, the ownership was fragmented, and internal disagreements plagued the early years. The franchise also faced financial strain, with poor attendance in Oakland and limited brand recognition. This instability almost caused the league to fold the franchise before it truly took root.

Al Davis Joins (1963)

In 1963, Al Davis was brought in as head coach and general manager at just 33 years old. His aggressive leadership style revitalized the Raiders, introducing a vertical passing attack and a new competitive culture. Though Davis wasn’t yet an owner, his influence extended beyond the field.

When he briefly left to serve as AFL commissioner in 1966, he gained valuable league-wide connections and learned how to wield power in negotiations — a skill that would later help him secure ownership.

Al Davis Becomes Principal Owner (1972–2011)

By 1972, after years of strategic positioning, Al Davis acquired majority ownership of the Raiders. Unlike many owners who stayed behind the scenes, Davis took on a hands-on approach, shaping everything from team culture to uniforms and marketing.

Under his control, the Raiders won three Super Bowls and built their renegade image. Davis also became infamous for his legal battles against the NFL, including moving the team from Oakland to Los Angeles in 1982 without league approval. Despite controversies, his decades of leadership solidified the Raiders’ identity as outsiders who defied convention.

Transition to Mark and Carol Davis (2011)

Al Davis’s death in October 2011 marked the end of an era. His wife, Carol Davis, and son, Mark Davis, inherited the franchise. Carol kept a ceremonial role, rarely appearing in public, while Mark assumed managing general partner duties.

Unlike his father, Mark was more reserved but determined to preserve the family’s majority control. His early years as owner were marked by skepticism, as many questioned whether he could maintain the Raiders’ legacy and financial competitiveness.

The Move to Las Vegas (2017–2020)

One of Mark Davis’s defining moments was securing the relocation of the Raiders to Las Vegas. After failing to obtain a new stadium deal in Oakland, Davis lobbied for and received approval from NFL owners in 2017.

The move was completed in 2020 with the opening of Allegiant Stadium, a $1.9 billion venue largely financed through a public-private partnership. This not only resolved the stadium issue but also transformed the Raiders into one of the league’s most valuable franchises, significantly increasing revenue streams through tourism and sponsorships.

Minority Owners Join (2024–2025)

For decades, the Raiders were nearly unique in being almost entirely family-owned. That changed in 2024, when Mark Davis sold a 15% stake to a group of high-profile investors. The most notable name was former NFL quarterback Tom Brady, who brought star power and credibility.

He was joined by financiers Tom Wagner and Egon Durban, and real estate entrepreneur Michael Meldman. Their investment injected capital and broadened the team’s business network, but Mark retained final say in football and business operations, keeping the Raiders’ decision-making centralized.

Ownership in 2025

As of September 2025, the Raiders remain under family control, with Mark Davis holding a 51% controlling stake and Carol Davis retaining 34%. The minority investors collectively own 15%, adding modern business and marketing expertise without undermining the Davis family’s dominance.

This hybrid structure ensures that the Raiders balance tradition with financial growth, securing their place in Las Vegas while honoring their Oakland and Los Angeles roots.

Mark Davis Net Worth

As of September 2025, Mark Davis has a net worth of about $2.5 billion. His fortune is closely tied to the Las Vegas Raiders, where he serves as the principal owner and managing general partner. The move to Las Vegas in 2020 and the continued rise of Allegiant Stadium as a sports and entertainment hub have turned Davis from a relatively modest heir into a billionaire with significant influence in the NFL.

Raiders’ Contribution to His Wealth

The Raiders remain the cornerstone of Davis’s financial success. With the team now valued at $7.7 billion, his 51% ownership makes up the bulk of his net worth. The franchise has benefited from lucrative sponsorship deals, premium seating at Allegiant Stadium, and hosting global events such as concerts and international soccer matches.

These factors continue to push the Raiders higher in franchise value rankings, making Davis’s stake more valuable each year.

Other Sports Ventures

Davis’s second major sports investment is the Las Vegas Aces of the WNBA. While not nearly as valuable as the Raiders, the Aces have grown into one of the premier women’s basketball teams.

Their recent championships and rising fan base have increased the team’s worth, giving Davis a foothold in an expanding sector of professional sports. The Aces also complement his Raiders ownership by strengthening his presence in Las Vegas’s sports market.

Other Ventures and Sources of Income

Outside of sports, Mark Davis has kept a lower profile compared to other NFL owners who diversify heavily into industries like real estate or technology.

However, he has leveraged his Raiders brand to earn money through partnerships, media rights, and marketing deals tied to the franchise. His stake in the team provides him with annual revenue streams from NFL broadcast deals, merchandise sales, and league-wide revenue sharing.

The minority sale of 15% of the Raiders in 2024 also gave him a large one-time cash infusion, adding liquidity to his net worth. Davis’s focus has largely remained within sports, with most of his wealth and income still flowing directly from team ownership rather than external businesses.

The 2024 minority stake sale marked one of Davis’s most strategic financial moves. Bringing in investors such as Tom Brady, Tom Wagner, Egon Durban, and Michael Meldman provided Davis with fresh capital while preserving his controlling interest.

The deal also raised the Raiders’ visibility, giving the team not just money but added credibility in both sports and business circles. For Davis personally, the sale injected hundreds of millions into his assets without compromising long-term control.

Comparison With Other NFL Owners

When measured against other NFL owners, Mark Davis falls in the middle tier in terms of overall wealth.

Owners like Jerry Jones and Stan Kroenke sit at the top with fortunes built on diversified businesses, while Davis’s fortune is primarily team-based.

Despite this, his $2.5 billion net worth is significant, particularly because it is anchored by one of the fastest-growing franchises in league history. His wealth may not be as vast, but his level of control over the Raiders keeps him a central figure in the NFL landscape.

Las Vegas Raiders Net Worth

As of September 2025, the Las Vegas Raiders are valued at approximately $7.7 billion, making them one of the most valuable franchises in the NFL. The team’s valuation has surged over the past decade, driven by strategic relocation, modern stadium revenue, and a strong national and international brand. The Raiders’ rebellious image and loyal fan base also contribute to their commercial appeal, further increasing their market value.

Here’s the historical net worth for the Las Vegas Raiders over the last 10 years along with Mark Davis’ net worth:

Revenue Drivers

The Raiders generate revenue from multiple streams that collectively enhance their net worth. The primary source is NFL revenue sharing and media rights, which includes national TV contracts and league-wide sponsorships. Allegiant Stadium adds another layer of income through premium seating, luxury suites, and hosting of major events such as concerts, college football games, and international sporting events.

Merchandise sales, licensing, and global fan engagement also contribute significantly to the franchise’s earnings.

The move to Las Vegas in 2020 was a major milestone in the team’s financial growth. Allegiant Stadium, a $1.9 billion state-of-the-art facility, allowed the Raiders to maximize game-day revenue and secure partnerships with casinos, hotels, and entertainment brands.

Las Vegas also provides a global tourist base, increasing ticket demand and exposure compared to the Oakland market. This relocation alone added billions to the Raiders’ valuation and positioned the team as one of the NFL’s most profitable franchises.

Minority Ownership and Valuation Boost

In 2024, the Raiders sold a 15% stake to minority investors, including Tom Brady, Tom Wagner, Egon Durban, and Michael Meldman. This transaction not only injected capital into the franchise but also established a market benchmark for its valuation.

High-profile minority owners enhanced the brand’s visibility and credibility, which in turn positively impacted the team’s overall financial assessment. Despite these sales, the Davis family retained operational control, ensuring stability while raising net worth.

Comparison With Other NFL Teams

At $7.7 billion, the Raiders rank among the top ten most valuable NFL franchises in 2025.

Teams like the Dallas Cowboys and New England Patriots have higher valuations, often exceeding $10 billion, but the Raiders’ combination of stadium revenue, Las Vegas market presence, and national branding puts them ahead of several legacy franchises.

The growth trajectory of the Raiders’ net worth has been particularly steep over the last decade, reflecting both strategic business decisions and league-wide revenue growth.

Future Growth Potential

The Raiders’ net worth is expected to continue rising. Plans for additional sponsorships, global marketing initiatives, and leveraging the Las Vegas market for non-football events suggest further financial expansion.

With minority investors bringing in capital and celebrity visibility, the Raiders are positioned to maintain their upward valuation while keeping the Davis family in full operational control.

Las Vegas Raiders Leadership

The Las Vegas Raiders’ leadership combines family ownership with experienced executives and high-profile minority investors. This structure ensures that both business and football operations are managed efficiently, while maintaining the team’s competitive edge and long-term vision.

The Raiders operate under a limited partnership model. Mark Davis is the managing general partner with a 51% controlling stake, giving him final authority over all major decisions.

Carol Davis holds 34%, preserving family influence and legacy. The remaining 15% is held by minority investors, including Tom Brady, Tom Wagner, Egon Durban, and Michael Meldman. While these minority owners provide capital and strategic input, they do not have operational control, ensuring the Davis family remains the primary decision-maker for the franchise.

Mark Davis – Principal Owner & Managing General Partner

Mark Davis, son of legendary owner Al Davis, has led the Raiders since inheriting control in 2011. Beyond overseeing day-to-day operations, he shapes the long-term vision of the franchise, including financial strategy, stadium management, and branding initiatives.

Davis played a central role in relocating the team to Las Vegas and building Allegiant Stadium, turning the Raiders into one of the NFL’s most valuable franchises. He is also deeply involved in community outreach, establishing programs to support local youth sports and social initiatives in Las Vegas.

Sandra Douglass Morgan – President

Sandra Douglass Morgan was appointed president in 2022, bringing more than twenty years of experience in law, corporate governance, and sports management. She manages business operations, strategic partnerships, and organizational culture, ensuring the Raiders remain competitive on and off the field.

Morgan has prioritized expanding the Raiders’ presence in Las Vegas, overseeing sponsorships, marketing campaigns, and community programs. Her leadership also emphasizes diversity and inclusion, reflecting her commitment to building a modern and socially responsible franchise.

John Spytek – General Manager

John Spytek became General Manager in 2025, responsible for shaping the Raiders’ roster and overall football strategy. He brings a deep background in talent evaluation, salary cap management, and roster construction.

Spytek collaborates closely with the coaching staff and scouting department to identify key acquisitions and draft prospects. His role is pivotal in balancing short-term competitiveness with the team’s long-term sustainability, ensuring the Raiders remain contenders in the NFL.

Brian Stark – Assistant General Manager

Brian Stark joined the Raiders in 2025 after serving as Director of College Scouting for the Denver Broncos. He focuses on player development, scouting, and analytics-driven evaluations.

Stark’s expertise in identifying emerging talent and improving draft strategies strengthens the Raiders’ ability to build a competitive roster. He also works on integrating data and analytics into decision-making, helping the organization adopt modern approaches to player performance and acquisition.

Tom Delaney – Senior Vice President/Director of Football Administration

Tom Delaney manages the administrative aspects of the Raiders’ football operations. His responsibilities include handling player contracts, salary cap management, league compliance, and operational efficiency.

Delaney ensures that the franchise’s financial and regulatory processes run smoothly, enabling coaches and executives to focus on team performance. His work is critical to maintaining the Raiders’ stability and competitive advantage in the NFL.

Mark Thewes – Senior Vice President of Football Operations and Strategy

Mark Thewes oversees football operations and long-term strategic planning. He collaborates with the general manager and coaching staff to align personnel decisions with organizational goals.

Thewes evaluates team performance trends, develops operational protocols, and ensures that strategic initiatives support sustained competitiveness. His insight into operations and planning helps the Raiders navigate the complex business and competitive environment of the NFL.

Anthony Patch – Senior Personnel Executive

Anthony Patch directs player personnel strategy, coordinating with scouting departments to identify talent that fits the Raiders’ system. He evaluates free agents, oversees player acquisitions, and supports the general manager in building a cohesive roster.

Patch’s work ensures that the Raiders maintain depth, flexibility, and a pipeline of emerging talent for future seasons.

Brandon Hunt – Vice President of Player Personnel

Brandon Hunt contributes expertise in evaluating player performance, potential, and fit within the Raiders’ system. He works closely with scouts and the coaching staff to shape the team’s roster and development programs.

Hunt’s focus on talent acquisition, retention, and development strengthens the Raiders’ competitiveness and prepares the team for both immediate and long-term success.

David Christoff – Vice President of Football Research and Development

David Christoff leads the football research and development department, using analytics, performance metrics, and technology to guide decisions. His team provides insights into player efficiency, injury prevention, and game strategy.

Christoff’s work ensures the Raiders leverage modern data-driven methods to gain competitive advantages on the field.

Pete Carroll – Head Coach

Appointed in 2025, Pete Carroll brings decades of NFL experience and a championship pedigree to the Raiders. He is responsible for overall team performance, culture, and game strategy.

Carroll emphasizes player development, leadership, and fostering a winning mindset. His coaching philosophy combines discipline with innovation, helping integrate new talent while maximizing the potential of veteran players.

Chip Kelly – Offensive Coordinator

Chip Kelly oversees the offensive unit, creating schemes that leverage speed, versatility, and efficiency. His innovative offensive approach focuses on maximizing scoring opportunities while keeping opposing defenses off balance.

Kelly collaborates closely with the head coach to ensure the offensive strategy aligns with overall team goals and long-term planning.

Patrick Graham – Defensive Coordinator

Patrick Graham leads the Raiders’ defensive strategy, emphasizing discipline, adaptability, and aggression. He develops defensive schemes, evaluates opponents, and prepares players to execute at a high level.

Graham’s leadership ensures that the Raiders maintain a robust defensive presence, balancing pressure and coverage to complement the team’s offensive strengths.

Matt Capurro – Senior Vice President of Coaching Operations

Matt Capurro ensures the coaching staff operates efficiently, providing resources, logistical support, and operational guidance. He acts as a bridge between management and coaching personnel, enabling seamless communication and execution of strategic initiatives.

Capurro’s role is crucial for maintaining consistency and operational excellence across all coaching departments.

Conclusion

The Raiders are more than just a football team — they are a brand, a culture, and a legacy carried by a family determined to protect it. From Al Davis’ revolutionary leadership to Mark Davis’ bold decision to move the franchise to Las Vegas, ownership has always defined the direction of the Raiders.

Understanding who owns Las Vegas Raiders is not just about knowing names on paper — it’s about recognizing the vision, risks, and determination that keep the Raiders among the most fascinating franchises in professional sports.

FAQs

Who owns the Raiders right now?

The Raiders are primarily owned by Mark Davis, who serves as the principal owner and managing general partner. He holds 51% of the team, giving him controlling authority over all major decisions. His mother, Carol Davis, retains 34%, keeping the team largely under the Davis family’s control.

Who is the owner of the Raiders?

The current owner of the Raiders is Mark Davis, son of the late Al Davis. Mark oversees both business and football operations, including strategic planning, financial management, and the team’s overall direction.

Who are the Las Vegas Raiders’ minority owners?

The Raiders have several minority owners who collectively hold 15% of the franchise. This group includes Tom Brady, Tom Wagner, Egon Durban, and Michael Meldman. They provide capital and strategic advice but do not have operational control over the team.

Does Mark Davis own 100% of the Raiders?

No, Mark Davis does not own 100% of the Raiders. He owns 51%, giving him majority control, while Carol Davis holds 34%, and the remaining 15% is divided among minority investors.

Is Tom Brady still part-owner of the Raiders?

Yes, as of 2025, Tom Brady remains a minority owner of the Raiders. He acquired a stake in 2024 and continues to be involved as a strategic advisor and high-profile ambassador for the franchise.

How much did Tom Brady pay for the Raiders?

Tom Brady purchased a 5% stake in the Raiders in 2024 as part of a minority ownership group. While exact figures were not officially disclosed, estimates place the investment at several hundred million dollars, based on the Raiders’ franchise valuation at the time.

Does Magic Johnson own the Raiders?

No, Magic Johnson does not own any part of the Raiders. Minority ownership is currently limited to Tom Brady, Tom Wagner, Egon Durban, and Michael Meldman.

How many shares does Tom Brady own in the Raiders?

Tom Brady owns a 5% stake in the Raiders, making him the most high-profile minority owner in the franchise.

When did the Raiders move to Las Vegas?

The Raiders officially relocated to Las Vegas in 2020. The move followed NFL approval in 2017, and the team began playing home games at Allegiant Stadium, a $1.9 billion state-of-the-art facility in Las Vegas.