The inability for the Raiders to workout a stadium deal to stay in Oakland on a long-term basis has caused team owner Mark Davis to search for options in other cities. His No. 1 choice is Las Vegas, Nevada but reports are now indicating that his plans to move to the “Sin City” have also hit a rough patch.
Jason Cole of Bleacher Report says that casino mogul and billionaire Sheldon Adelson is willing to walk away from the deal and that his interest in the deal has “always been tenuous.” It was also indicated that Adelson nearly walked out on the deal back in September.
“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 said on Wednesday during a travel technology conference in Tel Aviv, according to Reuters. “They want so much,” he said. “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.'”
Momentum had been building for the stadium deal in Las Vegas prior to these comments this week. Adelson successfully passed legislation to enable the construction of the stadium in Nevada. The state’s governor, Brian Sandoval, signed a bill last week that would increase hotel taxes to help raise $750 million for a new $1.9 billion domed stadium.
However, the deal could be held up because of negotiations between the Raiders and Adelson. The billionaire wouldn’t discuss terms, but he has pledged $650 million towards the stadium with the idea of the remaining amount coming from the Raiders and the NFL.
Even if an agreement between the Raiders and Adelson is reached, the team must then have three-quarters of the NFL owners approve a move in order for the Raiders to leave Oakland.