Sports

Auggie

(31,194 posts) Sat Jan 14, 2017, 03:54 PM Jan 2017

Did Raider's majority owner Mark Davis pull a fast one on Vegas' Sheldon Adelson?

Raiders executives have told the Las Vegas Stadium Authority board that investment bank Goldman Sachs has guaranteed the necessary financing for a move to Las Vegas. That’s with or without casino mogul and prospective partner Sheldon Adelson, according to the Las Vegas Review-Journal.

Adelson “has had some differences with the Raiders,” a league source said, after Adelson played a key role in getting Nevada lawmakers to pass legislation that would contribute $750 million in public money to a proposed $1.9 billion stadium project. Adelson pledged $650 million to the 65,000-seat venue, with the Raiders and NFL responsible for the remaining $500 million.

http://www.sfgate.com/raiders/article/Report-Raiders-secure-Las-Vegas-financing-10856153.php

Did Davis use Adelson to lobby the Nevada legislature only to back out of any deal with Adelson? Sure seems like it to me. I'm guessing Adelson got too greedy so Davis found another partner in Goldman Sachs. Alderson did Davis' dirty work for him. Not that I'm taking sides. But I wouldn't be surprised to see a lawsuit come out of this.

More from the link: A vote on the Raiders’ move is not expected until the owners’ annual meeting in Phoenix in late March. Davis needs 24 of the 32 owners to approve.

6 replies

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Did Raider's majority owner Mark Davis pull a fast one on Vegas' Sheldon Adelson? (Original Post) Auggie Jan 2017 OP

Could be, Davis knew the deal he struck with Adelson was a hinkey non-starter from the get-go... Brother Buzz Jan 2017 #1

No JonLP24 Jan 2017 #2

Not sure, but it looks like he pulled a fast one on Oakland. KamaAina Jan 2017 #3

Are you still on drugs? El Supremo Jan 2017 #4

Fuck Adelson. He is a piece of shit. Fuck him. I don't care who fucks him, but just make it good. madinmaryland Jan 2017 #5

+100,000 JonLP24 Jan 2017 #6

Brother Buzz

(36,469 posts)

1. Could be, Davis knew the deal he struck with Adelson was a hinkey non-starter from the get-go...

Reply to Auggie (Original post)

Sat Jan 14, 2017, 05:26 PM

Jan 2017

a deal that was destined to go down in flames, so he found an alternative money source. Adelson, the worm he is, will figure a way to wiggle back into the game. Hell, it may even involve calling in a few markers.

Interesting, this is the second football deal that seems to be contingent on a magic $650 million pot of money.

JonLP24

(29,322 posts)

2. No

Reply to Auggie (Original post)

Sat Jan 14, 2017, 05:28 PM

Jan 2017

Because Adelson was telling the Raiders to get their hands off his cash so the Raiders are like OK we'll go in without you.

Fuck Adelson. He donated $500,000 to fight cannabis legalization in Arizona.