TKO CEO Ari Emanuel and President Mark Shapiro are buying personal minority ownership stakes in the Las Vegas Raiders, per Variety and Sports Business Journal. The deal values the Raiders at $9.9 billion. Emanuel will own 1.4% of the franchise. Shapiro will hold 0.6%. Both are structured as personal investments rather than through TKO or any WME corporate vehicle. The deal is expected to close later this month. They are part of a larger investment group led by Silver Lake CEO Egon Durban, who already held a minority stake in the Raiders and is increasing it to 22%. The group also includes Dell Technologies founder Michael Dell and Blackstone global head of private equity Joseph Baratta. Collectively, the group is acquiring 25% of the franchise. Mark Davis, son of the late Raiders owner Al Davis, remains the controlling shareholder. Allegiant Stadium in Paradise, Nevada, where the Raiders play, hosted WrestleMania 41 in 2025 and WrestleMania 42 in 2026 in back-to-back years. With Ema...