Zay Jones of the Las Vegas Raiders celebrates after scoring the game-winning touchdown in overtime to defeat the Baltimore Ravens 33-27 at Allegiant Stadium on September 13, 2021, in Las Vegas.Moving to Las Vegas was quite a boon for the NFL’s Raiders. The team’s value has skyrocketed after just two seasons in Sin City, at least based on the valuation in a pending sale of a minority stake.
Majority owner Mark Davis has an offer on the table for a limited-partner stake that places an enterprise value of $6.5 billion, according to a sports financier familiar with the details. The Raiders, who have paid off their $325 million relocation fee to move from Oakland, have $1.3 billion of debt, mostly related to the financing of $1.9 billion Allegiant Stadium.
The financier didn’t identify the buyer of the limited partnership or what percentage of the team is being sold. And there are some caveats. Small stakes—about 5% or less—are often not a good indication of how much a controlling interest in the team is worth. Typically, minority stakes are sold at a discount of 20% or so because LPs have no say in how the team is run.
Wow, that's a huge sum, impressive
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