An investor consortium led by Silver Lake co-CEO Egon Durban has agreed to acquire a 25 percent minority stake in the Las Vegas Raiders, the NFL franchise that relocated from Oakland to Las Vegas in 2020 and now calls Allegiant Stadium home.

The equity is being sold by existing minority investors, not controlling owner Mark Davis.

Once the transaction closes, the consortium will own nearly 40 percent of the team.

NFL team ownership has drawn increased interest from private capital and alternative investors as league rules have evolved to permit more institutional and minority stakes.

The Raiders, consistently ranked among the league's most valuable franchises, saw their enterprise value climb following the move to the Las Vegas market, where the team benefits from a modern stadium and a growing sports landscape.