The National Football League (NFL) has approved the sale of 7% of the Las Vegas Raiders 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 as part of the relocation agreement between the Raiders and the NFL when they moved to Las Vegas from Oakland in 2020. Alongside the sale, the NFL approved Davis giving Durban the right of first refusal if Davis decides to sell his controlling stake in the team. The Raiders are expected to select quarterback Fernando Mendoza in the 2026 NFL Draft.