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.
NFL Commissioner Roger Goodell will make his annual Super Bowl state-of-the-league address at 11 a.m. PST on Wednesday in Houston. The news conference will be televised live by the NFL Network.
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 Chairman and CEO Sheldon Adelson has withdrawn as investors in a proposed $1.9 billion, 65,000-seat domed football stadium intended to bring the NFL’s Oakland Raiders to Southern Nevada.
With the straightest of poker faces, Oakland Raiders owner Mark Davis said Sunday that his planned trip this week to Houston had zero to do with attempting to persuade fellow NFL owners to vote for franchise relocation to Las Vegas.
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.
NFL Commissioner Roger Goodell said Wednesday that if the Raiders’ proposed move to Las Vegas is approved, the league “would not compromise its policies.”
Moving to Las Vegas is in the best financial interests of the NFL and, of course, Oakland Raiders owner and managing partner Mark Davis.
Las Vegans David Humm and Frank Hawkins are excited about the possibility of the Raiders moving to Southern Nevada, but sympathize with football fans in Oakland.
