Report: Raiders secure Las Vegas financing
Oakland Raiders executives have told the Las Vegas Stadium Authority board that the investment bank Goldman Sachs has guaranteed the necessary financing for a move to Las Vegas.
Adelson “has had some differences with the Raiders,” a league source said after playing a key role in getting Nevada lawmakers to pass legislation that will contribute $750 million in public money to the $1.9 billion stadium project.
Team senior vice president of stadium development and operations Tom Blanda told the Review Journal Thursday that he was optimistic the matter would be resolved within a month.
Steelers owner Art Rooney II told the Review Journal that owners were told that the Raiders had secured a no-Adelson option at a Wednesday meeting in New York.
There has been speculation that Adelson will attempt to purchase a piece of the Raiders, but Rooney on Wednesday cited rules and policies that would prohibit a casino owner from owning a franchise.
“We have delivered to the Raiders a stadium that will be privately financed and is responsible to the taxpayers in one of the most valuable NFL markets in the country with the most amazing fan base and legacy that any football team could ever dream of having,” Oakland Mayor Libby Schaaf said Wednesday.