Latest On Raiders’ Potential Relocation

While businessman Sheldon Adelson could contribute $650MM toward a $1.9 billion domed stadium for the Raiders in Las Vegas, the franchise might not need the casino mogul’s support to relocate. The Raiders have informed the NFL that Goldman Sachs is committed to financing the stadium even without Adelson’s involvement, reports Richard N. Velotta of the Las Vegas Review-Journal.

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Adelson and the Raiders have hit snags in their negotiations, though they had made progress toward an agreement as of Jan. 4. For now, “talks are ongoing,” Adelson family spokesman Andy Abboud revealed Thursday. The Raiders, meanwhile, echoed a similar sentiment.

“Right now, negotiations are proceeding and we’ll see if we come to an agreement with the Sands [Adelson] family,” said Raiders senior vice president of stadium development and operations Tom Blanda. “I’m not really sure who else we’ll talk to.”

Cognizant that their bid to construct a Las Vegas stadium might not include help from Adelson, the Raiders told the league’s stadium and finance committees Wednesday that they’re exploring ways to proceed without him.

“The Raiders are looking at the potential of doing [it] without Mr. Adelson if it comes down to that,” said Steelers owner Art Rooney II, who’s also chairman of the league’s stadium committee.

Photo courtesy of USA Today Sports Images.

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8 comments on “Latest On Raiders’ Potential Relocation

  1. TJECK109

    Sad when 750M in public money is not enough to build an stadium.

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    • Birdman1182

      even more sad that the money is from taxes and the people that paid for that won’t even be able to go in the stadium thw paid for without shelling out even more money out of their pockets.

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  2. Remember, this is not a Las Vegas local tax but a tourist tax from the hotels.

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    • No new taxes

      Why does it matter of they use locals tax or visitor tax? It’s still fleecing the American tax payer. Whether it’s you or your out of state neighbor….it’s all the same to these billionaires. What exactly do we get for this money? Why does it matter how we spend our tax money when it comes to spending it on oeople, but no one seems to care when it comes to sporting complexes?

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      • bowserhound

        For at least 8 Sundays a year locals will get extra hours/shifts at work, a lot more traffic, part-time jobs, the ability to purchase Las Vegas Raiders gear, and a home team. At least 10k people will travel to Vegas for game weekends.
        The city of Oakland might not, but the people who live there would be more than happy to charge a tax to tourists for that.

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  3. Duck222

    All this moving of NFL teams is BS….If you have a NFL team an they need to update facilities to stay competitive an a deal doesn’t get worked out an they move. Put them on a list…. That team can never move again without selling the team an the city or maybe even the state ,can not have another team for 30 yrs….now see how quickly a new stadium or renovations get done… I know I know not practical but a interesting concept…..

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