On Monday, casino magnate Sheldon Adelson announced he will no longer contribute $650MM to the Raiders’ proposed $1.9 billion stadium in Las Vegas. Soon after, the Raiders issued a press release declaring that Adelson’s withdrawal would not affect their proposed move. Without Sands Corp., the Raiders were banking on the financial help of Goldman Sachs to get the stadium built, but the investment banking company is now having second thoughts about its involvement, according to a source who spoke with Ramona Shelburne of ESPN.com. 
Adelson “has a longstanding business relationship with Goldman Sachs,” as Shelburne notes, but it’s not immediately clear whether that is playing a role in the firm’s trepidation. Without a significant outside contribution, it’s hard to see the Raiders getting a state of the art stadium built in the desert, and that could prevent them from making their long-rumored move. It is rumored that the Raiders are eyeing a domed facility near the Las Vegas strip that would seat 65,000 fans.
This is just my speculation, but Goldman Sachs may be exercising caution with regards to lending deals in the sports world after the Fed criticized its arrangement to help facilitate the $4 billion purchase of the UFC. According to Bloomberg, sources allege the UFC’s cash flow projections were doubled in order to make the company appear more creditworthy than it truly was. Following a stern warning from Federal Reserve bank supervisors, Goldman Sachs could be feeling the heat from the increased scrutiny. With the watchful eye of regulators, the firm will only want in on the deal if it can show profitability in a reasonable timeframe. Alternatively, this could be a power play from Goldman Sachs as the Raiders run out of financing options.
Sound like something else is going on… Sachs is worried about an NFL team’s earnings? Meatheads will pay into this corrupt league with their lying figurehead of a commission no matter WHAT happens! Ever!!!
I guess you’re proof it’s 5 o’clock somewhere
Astute response
Apparently emoticons are not an acceptable form of response here…
What kind of stadium costs $1.9B? The Cowboys stadium cost $1B and it is over the top nice. So a stadium would cost almost twice as much as one of the nicer stadiums in the league? Insane…
I’m guessing the cost of purchasing the land?
A billion here or there, whatever. People are so fussy these days.
Lol, goodbye LV Raiders
San Diego raiders
Lol
Just tell Goldman Sachs that there’s a subprime stadium market and they’ll be all over it
This
For those who read the previous article on why Billionaire Adelsen pulled out, is that the Raiders went behind his back and proposed that they pay $1(one dollar) a year rent, but get to keep the revenue generated by the stadium but have the city pay the operating costs. Who in their right mind would agree to a deal where they pay all the operating expenses yet receive basically no income? No one.
My guess is that Goldman Sachs took one look at that proposal and said “THanks, but no thanks” good luck Mark Davis getting any help financially when you are clearly trying to line your own pockets and screw the people of Las Vegas!
It’s even worse than that. Adelson was willing to make the investment without the prospect of a positive return to try and build his legacy. The facility was going to be used by UNLV, probably high school play offs, etc.; which was important to him as doing that for the local college was a big motivation for him getting involved. In the agreement there can be no other football games played there without the Raiders’ consent and then only with very strict conditions. Once that was put in, that deal was dead. They couldn’t be happy with a multi-million dollar hand out; they had to make sure that no one else benefited from that too. Now they will either have to go back and come up with a proposal that will allow the investors in the stadium to get a good return, or find another city willing to bend over for them.
The NFL has to watch out with this. These issues are not gaining them any fans and are certainly not helping to build interest needed to reverse the declining ratings trends.
When does Doof Davis show up with a broken leg?
So whose name comes up next in this charade, Harry Reid?
Wow, the Chargers really screwed over the Raiders by moving to LA first. Makes it almost tolerable.
No NFL owner worth his salt would accept San Diego’s lowball stadium offer. Davis would have to be completely desperate, and he still has options in Las Vegas and Oakland.
Raiders are screwed imo, they can’t go back to Oakland without playing in the worst “football stadium” they can’t go to San Diego because the city wasn’t willing to pay for a stadium for the chargers why would they build one for their rival? There is a NHL team playing in LV in a couple years smart move would’ve been to wait see if they were profitable then move there if it was. They have no. where to go
At this point the best solution is probably to disband the Raiders all together.