The Oakland Raiders’ deal with New York-based Goldman Sachs to finance a $1.9 billion stadium in Las Vegas is in jeopardy because the agreement was contingent on a $650 million investment from Sheldon Adelson, who withdrew from the partnership Monday.
If the Raiders ultimately can strike a deal with Goldman Sachs that makes up the $650 million the Adelson family had pledged toward a new Las Vegas stadium, the odds of Oakland getting the 24 votes needed for relocation isn’t at all hurt by the casino executive’s withdrawal.
The family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson has withdrawn as investors in a proposed $1.9 billion, 65,000-seat domed football stadium intended to bring the NFL’s Oakland Raiders to Southern Nevada.
Several state and county lawmakers Friday questioned demands laid out by the Oakland Raiders in a proposed lease for a planned 65,000-seat stadium in Las Vegas.
The Oakland Raiders submitted a proposed stadium lease agreement to the Las Vegas Stadium Authority Thursday that calls for the team to pay rent of $1 per year.
Steve Sisolak answered the phone and a shiver ran down his spine. At about 8 a.m. Thursday, after 19 months and countless hours spent trying bring an NFL franchise to the Las Vegas Valley, the Clark County commissioner got the news.
The Oakland Raiders have applied for relocation to Las Vegas, the franchise confirmed Thursday to the Las Vegas Review-Journal.
With the Oakland Raiders announcing Thursday that they have formally applied for relocation to Las Vegas, things will move fast as the nine-member board puts agreements in place to build a $1.9 billion, 65,000-seat domed stadium for the team.
Oakland Raiders executives have told the NFL that Goldman Sachs is committed to financing the team’s proposed domed stadium in Las Vegas with or without an investment from casino executive Sheldon Adelson, the Las Vegas Stadium Authority board learned Thursday.
San Diego might have opened a door much wider for the potential of Sam Boyd Stadium hosting the Raiders should relocation plans be approved by league owners and Oakland fans protest with their wallets.
Lawrence Epstein, a UFC senior executive, and Tito Tiberti, a construction executive, are expected to be named Thursday to the Las Vegas Stadium Authority board of directors.
