Mark Davis: Front-office departures were due to “accounting irregularities”

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The Raiders hadn’t said much about the rapid-fire departure of multiple members of the front office, including former team president Marc Badain. On Wednesday, owner Mark Davis addressed the issue.

Via Vic Tafur of TheAthletic.com, Davis explained that the resignations flowed from “accounting irregularities.” Davis added that Badain’s abrupt departure in July “might be fairly characterized” as forced.

“I think it’s pretty much clear now, or I don’t know if it is clear now, but it was pretty much accounting irregularities,” Davis said, via Tafur. “That’s why the CFO left, the controller left and the president left, that’s what it was.”

Davis disputed the idea that the accounting problems resulted in major tax bill.

“I will say it wasn’t not paying enough taxes — we overpaid our taxes, that’s one of the good things about it,” Davis said.

Whatever happened, it was enough to make people accountable with their jobs.

24 responses to “Mark Davis: Front-office departures were due to “accounting irregularities”

  1. Pretty sure old man Al is proud of how his kid is running the show, getting out of that anchor in Oakland and taking the team to Vegas. The Raiders being good is good for the league. Let’s hope they continue to turn the organization around.

  2. Mark is a 1st rate owner ….and that really has to bug the heck out owners like Jerry and the commissioner.

  3. Translation: Our accountants were conservative. An outside consultant advised a new accounting strategy that reduced taxes. The executives were unwilling to liberally interpret accounting rules to reduce our burden. They had to go.

    We will see how this plays out over time. Enron employed “novel” accounting practices to overstate profits. Davis is applying lipstick prior to sale. Caveat emptor.

  4. pendragon54 says:
    October 28, 2021 at 10:37 am
    What is good about overpaying taxes?

    No interest or penalties due, no big tax bill coming.

    Obviously not ideal, but he’s trying to find a silver lining here.

  5. The president and controller of a small company I used to work for were investigated for ‘accounting irregularities’ and they are both currently serving over ten years in prison!

  6. Pendragon54 says

    What is good about overpaying taxes?
    ____________________________________

    Avoiding interest penalties from underpaying

  7. Sounds like a good way to launder
    Money…….what happens IN VEGAS
    STAYS IN VEGAS……

  8. Were these people fired before or after the raiders received the Gruden emails? If it was after, then one of these is probably the leak u are looking for. Just need to figure out which one(s) had access to the emails. If it was before then possibly not related.

  9. No penalty for overpaying and no interest, but also a tax free loan to government. Does this type of termination/firing EVER take place in government jobs? Glad to hear they held people accountable and hopefully they found some honest employees instead. Unfortunately, things like honesty are waning traits all around. Too many people rewarded well for lying/cheating/stealing.

  10. People goof on Mark for his looks ect, but he pulled off something his father couldn’t do on three tries, get a state of the art stadium. Mark a little more sharp than people give him credit.

  11. This isn’t the first time something like this has happened, and it won’t be the last. And I’m not talking about the Raiders. In this case, it didn’t hurt the Raiders. In other cases, owners have lost plenty.

  12. Why are we talking about the Raiders when the scandal du jour is about Dan Snyder and the league coverup?! And btw; these kinds of bizarre firings happen every 6 months with the Washington Football Team!

  13. Happens at the same time as the Gruden leak… This is like one of those montage sequences in a mobster film where everybody is getting whacked.

  14. Hey Davis, the tax code is 10 million words. Not one human understands the entire tax code and that includes the IRS. There is so much vagueness to some of the language that its now unusual for a Corp. to go to court to get an issue settled. It isn’t always the IRS is right pay up. Doesn’t work that way.
    Davis probably blew up finding he spent money paying taxes he didnt owe but the thing is he gets a credit towards the next year so big deal, why fire a bunch of people.

  15. The accounting issue was expecting someone to believe that Mark paid more than $3 for that haircut

  16. This team is beyond dysfunctional, I don’t know how they even field a team every week.

  17. Accounting irregularities is sometimes a euphemistic way to describe employees embezzling.

  18. The confusing thing about this is Badain did so much of the work to get the stadium approved. Was with team forever. Is this another case of clearing out people who remember him before he was boss and maybe still see him as Al’s unserious kid? Would be strange because think new narrative about Mark is he doesn’t give a F what you think of him, he’s pretty damn comfortable in his own skin.

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