The Raiders have been building momentum towards a Las Vegas move, but they could be hitting a snag. Casino magnate Sheldon Adelson is not happy with what he perceives as changes to the stadium deal and he is threatening to walk.
“I negotiated to bring in the Oakland Raiders, an NFL football team from Oakland, because they don’t have a stadium there, that I would build a stadium and rent it out to the Oakland Raiders,” Adelson told Reuters’ Ari Rabinovitch. “They want so much. So I told my people, ‘Tell them I could live with the deal, I could live without the deal. Here’s the way it’s gonna go down. If they don’t want it, bye-bye.”
The Raiders’ Las Vegas project took a major leap forward last week when Nevada’s governor OK’d a bill that would increase hotel taxes and reroute those additional funds to the new stadium. Adelson, meanwhile, has pledged up to $650MM toward building the stadium. If Adelson were to pull out, the Raiders and the state of Nevada would have to scramble for a new billionaire partner.
Photo courtesy of USA Today Sports Images.