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NFL approves sale of minority stake in Las Vegas Raiders

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The NFL on Tuesday approved a minority stake sale of the Las Vegas Raiders.

Egon Durban purchased a 3.5% stake in the team at an $11 billion valuation. Another 3.5% sale is expected in the near future.

The sale is reportedly part of a succession plan by controlling owner Mark Davis to Durban.

Read more from CNBC.

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