If you’re still calling them the Oakland Raiders, nobody can really blame you. The "Silver and Black" feels like it belongs in the East Bay, regardless of the neon lights in Nevada. But honestly, if you want to know who owns the team, you have to look toward a guy with a very famous bowl cut and a massive stadium in the desert.
The short answer? Mark Davis is the man in charge.
But it’s not quite as simple as one guy holding all the keys. Ownership in the NFL is a weird, bureaucratic web of family trusts, minority partners, and, as of very recently, some of the biggest names in sports history.
The Davis Dynasty: From Al to Mark
You can't talk about who owns the Oakland Raiders (now the Las Vegas Raiders) without talking about the late, legendary Al Davis. He didn't just own the team; he was the team. Al grabbed a 10% stake back in 1966 for a measly $18,500. Think about that for a second. Today, that wouldn't even buy you a decent used truck, but Al parlayed it into total control by the mid-70s.
When Al passed away in 2011, the reigns went to his son, Mark, and his mother, Carol Davis.
For a long time, the Davis family held about 47% of the team through a company called A.D. Football, Inc. Even though they didn't own 51%, the way the contracts were written gave them "controlling interest." Basically, Mark gets to make the calls. He’s the Managing General Partner.
Tom Brady and the New Era of Minority Owners
Things got really interesting lately. If you haven’t heard, Tom Brady is now part-owner of the Raiders. It took forever for the league to approve it because people were worried about his job as a broadcaster at FOX—conflict of interest and all that—but the deal finally closed.
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Brady, along with his business partner Tom Wagner, snagged about 10% of the team.
But wait, there's more. Mark Davis has been busy diluting his stake to bring in fresh cash. Here is a quick look at who else is in the mix as we move through 2026:
- Egon Durban: The co-CEO of Silver Lake (a massive private equity firm) and chairman of Endeavor.
- Michael Meldman: The guy who founded Discovery Land Company and co-founded Casamigos tequila with George Clooney.
- Richard Seymour: A Raiders legend who earned a 0.5% stake.
- Legacy Families: There are still "silent" partners from the old days, like the Boscacci and Winkenbach families, who hold small pieces of the pie but don't really show up in the headlines.
Why is Mark Davis Selling Stakes?
It feels a bit weird to see a family that fought so hard for control start selling pieces off, right?
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Honestly, it’s mostly about math. When Mark took over in 2011, the Raiders were valued at around $761 million. Today, in 2026, the team is hovering around a **$7.8 billion valuation**. That is a staggering jump.
By selling 10% here or 7% there, Davis is basically "turning paper into money." He gets hundreds of millions in cash to help with things like estate planning—because the taxes on a multibillion-dollar inheritance are brutal—without actually losing the power to run the team.
The Current State of Affairs in 2026
As of right now, Mark Davis still owns about 30% to 35% of the franchise, but he remains the Controlling Owner.
Even with Tom Brady leaning in on personnel decisions and helping scout quarterbacks like Fernando Mendoza, Mark is the one who signs the checks. He’s the guy who moved the team to Allegiant Stadium, and he’s the guy who just hired the new coaching staff after the Pete Carroll era ended.
Actionable Insights for Fans and Investors
If you're following the ownership trail, here is what you actually need to keep an eye on:
- Watch the "Brady Effect": Tom isn't just a face; he’s actively leading the search for the next franchise QB and head coach. His influence on the "business of football" is growing daily.
- Private Equity is Coming: The NFL recently changed the rules to allow private equity firms to buy up to 10% of teams. While Davis has mostly sold to individuals so far, the door is wide open for big institutional money to move in next.
- Tax Preparation: Expect more minor sales. As Carol Davis gets older, Mark will likely continue to liquidate small percentages to ensure he has the cash on hand to keep the team in the family when the "tax man" eventually comes knocking.
The Raiders might not play in the Coliseum anymore, and the "Oakland" part of the name might be history, but the ownership still starts and ends with the Davis name—just with a little more help from G.O.A.T.s and billionaires than it used to have.
Next Steps: You can track the official ownership filings and updated valuations on the Raiders' investor relations page or through the annual NFL Ownership Reports released during the Spring League Meetings.