UFC Owners Receive Approval to Become Minority Shareholders in the Las Vegas Raiders

The UFC has been based in Las Vegas for decades. Its owners are now making significant investments in the Las Vegas Raiders. At the NFL league meetings this week, TKO Group Holdings CEO Ari Emanuel and TKO president Mark Shapiro were both approved as minority shareholders in the Raiders.

Emanuel acquired a 1.4% stake, while Shapiro purchased 0.6%. The Las Vegas Raiders are reportedly valued at $9.9 billion.

Mark Davis, who inherited the team from his father Al Davis, retains control with about 30% ownership, meeting the NFL’s minimum for a controlling owner.

Notably, Silver Lake Financial CEO Egon Durban increased his stake in the Raiders from 11% to 22%. He is widely considered Davis’ successor if the team is sold. He also holds the first right of refusal.

Although Durban is less publicly linked to the UFC than Emanuel and Shapiro, he is the largest investor. After facilitating Endeavor’s transition from public to private in 2025, he gained that status. Endeavor remains the largest single shareholder in TKO Group Holdings, which is still publicly traded.

Durban serves as chairman of the board at Endeavor Group Holdings and also holds a seat on the TKO Group Holdings board.

In addition to his potential interest in NFL ownership, Durban’s company Silver Lake became a major investor in Manchester City after a $500 million investment in 2019.