• Loading stock data...
Sunday, December 15, 2024

Raiders Executive Departures Linked to Financial Irregularities

  • Financial inconsistencies found in recent months stretch back more than a decade, according to sources.
  • The team launched an internal investigation with assistance with an outside law firm.
Kirby Lee-USA TODAY Sports/Design: Alex Brooks

Significant financial irregularities that allegedly stretched back more than a decade played a role in the mysterious departures of three Las Vegas Raiders executives, sources with knowledge of the issue told Front Office Sports. 

FOS reported last week that the team had launched an internal investigation, an inquiry that remains ongoing. That investigation is focused on accounting issues over the last several weeks that coincided with the exits of three top Raiders executives this summer:

  • President Marc Badain, who served as team president for more than six years and had been employed with the team since 1991. 
  • CFO Ed Villanueva, a Raiders employee for nearly 19 years. 
  • Controller Araxie Grant, who had the role for about a year and a half. 

A fourth executive, Brandon Doll, also left the team this summer. But Doll, the club’s former vice president of strategy and business development, exited for reasons outside of the accounting issues, a source told FOS.

The specifics of what type of incongruencies have been uncovered so far were not immediately known. Messages over the last two weeks left for Badain, Grant, Villanueva, and Doll by FOS were not returned. 

The turnover in the Raiders’ front office sparked massive speculation within the NFL as the team embarks on its first season in front of fans at Allegiant Stadium in Las Vegas. The team moved from Oakland after the 2019 season.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mina Kimes and Ryan Clark at NFL draft

ESPN Talent Turns Its Fire on Aaron Rodgers

The network’s NFL talent ripped the QB as ‘hypocritical’ this week.
De'Vondre Campbell

49ers Set to Cut Starter for Refusing to Enter Game: ‘Stupid’ and..

De’Vondre Campbell refused to re-enter the game Thursday night.
opinion

Why Bill Belichick’s Media Stint Could Help Him at UNC

Belichick became a media fixture during his year away from coaching.
Dec 12, 2024; Chapel Hill, NC, USA; North Carolina Tar Heels chancellor Lee Roberts reads a transcript about new head coach Bill Belichicks’ father who served as an assistant coach at New North Carolina Tar Heels new in 1954 at Loudermilk Center for Excellence.

Belichick’s UNC Deal Contains Clause That Keeps NFL Speculation Alive

The six-time Super Bowl–winning coach will have a $10 million annual salary.

Featured Today

Michigan signee Bryce Underwood smiles during national signing day at Belleville High School in Belleville on Wednesday, Dec. 4, 2024.

Reader Mailbag: Is the NIL Era Out of Control?

Readers had a lot to say about Ellison and the NIL era.
December 13, 2024

The Top-Secret Operation to Create the Army-Navy Football Uniforms

The two-year process includes dozens of employees, NDAs, and military historians.
Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena
December 9, 2024

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
Dec 1, 2024; Landover, Maryland, USA; Washington Commanders general manager Adam Peters (L) talks with Commanders owner Josh Harris (R) on the field prior to the game against the Tennessee Titans at Northwest Stadium.

CEO Leaves $13 Billion Soup Company to Run Commanders

The new president will lead the planning and development of the team’s stadium.
November 15, 2024

Adam Silver Defends NBA Product Amid Sluggish Ratings

Silver said the NBA compares itself to “the biggest brands in the world.”
LPGA Commissioner Mollie Marcoux Samaan after the final round of golf during the CME Group Tour Championship at the Tiburon Golf Club in Naples, Fla., Sunday, November 19, 2023.
December 2, 2024

LPGA Commissioner Leaving After Brief Up-and-Down Tenure

Mollie Marcoux Samaan was hired in 2021.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 11, 2024

Endeavor to Sell OpenBet, IMG Arena to Its CEO Ari Emanuel

The move is “a necessary step” as Endeavor seeks to go private.
May 22, 2024; Minneapolis, Minnesota, USA; Minnesota Timberwolves minority owners Marc Lore and Alex Rodriguez look on in the second half against the Dallas Mavericks during game one of the western conference finals for the 2024 NBA playoffs at Target Center.
October 23, 2024

A-Rod, Lore Deposit $940M As Wolves Ownership Hearing Nears

Rodriguez and Lore made a large escrow deposit in advance of a key upcoming arbitration hearing.
October 22, 2024

Dude Perfect CEO’s Task: Make the Dudes a Media Company

Dude Perfect’s new CEO wants fans to be able to experience the brand in person.
Feb 13, 2023; Beverly Hills, CA, USA; Disney CEO Bob Iger arrives at the 95th Oscars nominees luncheon at the Beverly Hilton in Beverly Hills, Calif. on Monday, Feb. 13, 2023.
October 21, 2024

Bob Iger’s Successor Won’t Be Named Until 2026

Iger’s current contract expires at the end of 2026.