Ari Emanuel and Mark Shapiro Join Las Vegas Raiders Ownership Group

Ari Emanuel, CEO of TKO Group, and Mark Shapiro, TKO president and COO, are buying personal minority stakes in the Las Vegas Raiders. A spokesperson said the deals will close by the end of May 2026. Emanuel will own 1.4 % and Shapiro 0.6 %, each below the 10 % threshold for additional league review. The stakes are personal, not tied to TKO, WME Group, or any affiliated entity.

TKO’s Ari Emanuel & Mark Shapiro Reportedly Acquire Minority Ownership Stakes in Las Vegas RaidersWWE News, AEW News, Pro Wrestling Backstage NewsTKO Executives Ari Emanuel And Mark Shapiro Buying Ownership Stakes In The Las Vegas RaidersVariety MagazineHollywood ReporterTwo Top TKO Executives Buy Ownership Stake In NFL TeamDeadline Hollywood

Founded in Oakland in 1960, the Raiders moved to Los Angeles (1982), returned to Oakland (1995), and relocated to Las Vegas in 2020, playing at Allegiant Stadium. Al Davis owned the team from 1972 until his 2011 death; his son Mark Davis has been the controlling shareholder since.

TKO Executives Ari Emanuel And Mark Shapiro Buying Ownership Stakes In The Las Vegas RaidersVariety MagazineDeadline HollywoodTwo Top TKO Executives Buy Ownership Stake In NFL TeamWWE News, AEW News, Pro Wrestling Backstage NewsTKO’s Ari Emanuel & Mark Shapiro Reportedly Acquire Minority Ownership Stakes in Las Vegas RaidersHollywood Reporter

Emanuel and Shapiro run TKO, which owns UFC, WWE and other live-event brands, and serve on the WME Group board. Shapiro’s NFL résumé includes securing ESPN’s Monday Night Football rights (2005), creating the NFL Honors ceremony, and acquiring On Location, the league’s exclusive hospitality provider; he also holds a minority stake in MLS club Los Angeles FC. The Raiders’ ownership now includes Mark Davis, Silver Lake co-CEO Egon Durban (22 % stake), developer Michael Meldman (12.9 %), Dell founder Michael Dell, Blackstone’s Joseph Baratta (1.7 %) and former quarterback Tom Brady (5 %).

Variety MagazineTKO Executives Ari Emanuel And Mark Shapiro Buying Ownership Stakes In The Las Vegas RaidersHollywood ReporterDeadline HollywoodWWE News, AEW News, Pro Wrestling Backstage NewsTKO’s Ari Emanuel & Mark Shapiro Reportedly Acquire Minority Ownership Stakes in Las Vegas RaidersTwo Top TKO Executives Buy Ownership Stake In NFL Team

Emanuel and Shapiro’s ownership connects the Raiders to TKO’s broader sports-entertainment portfolio, which includes UFC, WWE and other live-event brands. The Raiders already share Allegiant Stadium with WrestleMania events, illustrating a direct venue link. The transaction occurs as NFL franchises have risen in value, with the Raiders now valued at roughly $9.9 billion amid expanding television and streaming rights deals.

Two Top TKO Executives Buy Ownership Stake In NFL Team

A spokesperson for Emanuel and Shapiro confirmed the stakes are personal investments and not linked to TKO or WME Group. Deadline reported the same clarification, and Sports Business Journal and Variety cited the identical ownership percentages and the $9.9 billion valuation.

TKO Executives Ari Emanuel And Mark Shapiro Buying Ownership Stakes In The Las Vegas Raiders

Sources differ on the Durban-led group’s size: some describe a collective 25 % stake in the franchise, while others assign a 22 % stake solely to Durban. Precise percentages for Michael Dell and Joseph Baratta are not uniformly disclosed, and no direct quotations from the principals appear in the source material.

Variety Magazine

The Raiders will begin the 2026-27 season with new quarterback Fernando Mendoza and a roster bolstered by recent free-agent signings, though they have no prime-time games on the current schedule. League owners are scheduled to vote on additional ownership stakes, and the NFL is negotiating new broadcast agreements.

Deadline Hollywood