TKO’s Ari Emanuel and Mark Shapiro buying minority stake in NFL’s Las Vegas Raiders

TKO Chief Ari Emanuel and President and Chief Operating Officer Mark Shapiro are buying an ownership stake in the Las Vegas Raiders NFL team.

Variety reports that both Emanuel and Shapiro will take individual, personal stakes in the Raiders and the deal is expected to close later this month.

This will be a minority stake and Mark Davis, son of Raiders owner Al Davis, will continue to be the controlling shareholder of the team.

When it’s all done and confirmed, Emanuel will own 1.4% of the Raiders while Shapiro will own 0.6% according to a report by the Sports Business Journal.