Sources: NFL owners set to vote on Raiders succession plan - ESPN

NFL owners are scheduled to vote on a Las Vegas Raiders succession plan that gives Silver Lake co-chief executive officer Egon Durban the option to purchase a majority stake in the team from longtime owner Mark Davis, according to multiple ownership and team executives with direct knowledge of the situation.

Although sources close to Davis say he has no intention to sell his majority stake, the vote would mean that if and when Davis, or his heirs, did decide to sell, Durban, a limited partner, would have the option to buy the club. Owners would then have to approve Durban as the new controlling owner, per league rules.

Four sources with knowledge of the situation said that owners will also vote on Davis selling roughly 7% of the team to Durban and another limited partner, Michael Meldman. That sale would put the team's valuation at nearly $10 billion, two of those sources said.

Owners will vote on the transactions at the annual league meeting held in Phoenix starting March 29, according to the agenda distributed to clubs this week. The league's finance committee has already approved the option agreement with Durban, according to two sources with direct knowledge of the situation.

Davis declined to comment Thursday afternoon. But a source close to Davis told ESPN: «Mark has no intention to sell his majority stake in the team. This sets up a smooth succession plan.»

An NFL spokesman declined to comment. Spokespeople for the Raiders and for Silver Lake didn't immediately respond to requests for comment.

The Davis family has been a cornerstone of professional football ownership for more than five decades, and Mark Davis' late father, Al Davis, is one of the few owners in any sport whose notoriety transcended the game. Al