The Raiders might not be re-locating after all.
Reports have surfaced that one of the key investors in the team’s potential move to Las Vegas, casino-mogul Sheldon Adelson, has officially withdrawn his investment and is no longer involved in the process of re-locating the Raiders to Las Vegas:
Power of Sheldon Adelson: #Raiders move to Vegas is in jeopardy with him pulling out & his ties to Goldman Sachs. This could be his legacy
— Ian Rapoport (@RapSheet) January 31, 2017
Aldeson has some obvious influence in this potential move, given he is the CEO of the Las Vegas Sands Corporation. However, he may have even more power than that.
According to reports, Goldman Sachs, who have been linked with the Raiders as a potential financier for their new stadium, will only stay with the plan if Sheldon Adelson remains involved in the deal.
Source: Goldman Sachs deal to finance Raiders stadium contingent on Sheldon Adelson involvement. Without Adelson, there isn’t a deal.
— Nathan Fenno (@nathanfenno) January 31, 2017
So no Adelson would mean no financial investment company funding for the Raiders, which would then likely mean no move to Las Vegas.
Mark Davis better get on the horn and get Adelson back on board stat if he wants to keep this whole thing together. Either that or find another well-connected billionaire who is willing to fork over $600 mill plus his connections to make this happen.
