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TKO Execs Acquire Raiders Stakes Ahead of WrestleMania 42

5/20/2026

48 8 Full Breakdown

Summary

Emanuel, Shapiro Buy

TKO CEO Ari Emanuel and TKO COO and President Mark Shapiro bought minority stakes in the Las Vegas Raiders, acquiring 1.4% and 0.6% respectively.
The purchases are personal investments and are not connected to TKO Group.
Silver Lake co-CEO Egon Durban holds 25% of the Raiders, valued at about $9.9 billion.
Allegiant Stadium will host WrestleMania 42.
Shapiro said he does not regret moving WrestleMania 42 to Las Vegas.

History

Raiders History

The Raiders were founded in 1960 as a charter member of the American Football League.
Al Davis owned the team from 1972 until his death in 2011, and was succeeded as majority shareholder by his son Mark Davis.
The Raiders moved to Los Angeles in 1982, back to Oakland in 1995, then to Las Vegas in 2020, and have not reached a Super Bowl since 2004.

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Emanuel, Shapiro Buy

TKO CEO Ari Emanuel and TKO COO and President Mark Shapiro bought minority stakes in the Las Vegas Raiders, acquiring 1.4% and 0.6% respectively.
The purchases are personal investments and are not connected to TKO Group.
Silver Lake co-CEO Egon Durban holds 25% of the Raiders, valued at about $9.9 billion.
Allegiant Stadium will host WrestleMania 42.
Shapiro said he does not regret moving WrestleMania 42 to Las Vegas.

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