Less than three weeks ago, ESPN’s Adam Schefter believed a Raiders move to Las Vegas was only a matter of “when” if would happen.
As of Tuesday, the Vegas outlook isn’t as optimistic.
News broke yesterday that casino mogul Sheldon Adelson was furious with Raiders’ ownership and released a statement indicating that he “will no longer be involved in any facet of the stadium discussion.”
#Raiders move to Las Vegas is in serious jeopardy right now. Team not only ticked off Adelson with lease plan, but governor & UNLV as well.
— Jason Cole (@JasonCole62) January 31, 2017
Based on a proposal submitted by the Raiders last week, it was clear Raiders’ owner Mark Davis was moving away from Adelson and working toward a deal with league-preferred investment group Goldman Sachs.
Now it appears Plan B has hit a snag.
ESPN’s Ramona Shelburne is reporting the Raiders partnership with Goldman Sachs may be falling apart as the investment bank is “re-evaluating it’s relationship with the planned deal” following the Adelson news.
Nevada Gov. Brian Sandoval's office says proposal now is for #Raiders to invest $1.15 billion & accept operating responsibilities, per @AP
— Vic Tafur (@VicTafur) January 31, 2017
With Adelson out, the cost of the Vegas project continues to rise for the Raiders. Counting the relocation fee, Davis could soon be responsible for upwards of $2 billion in contributions toward a new stadium.
twitter: @raidersbeat