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Home / Nfl / Adelsons withdraw investment from proposed Raiders stadium in Las Vegas according to : Las Vegas Review-Journal

Adelsons withdraw investment from proposed Raiders stadium in Las Vegas according to : Las Vegas Review-Journal

referring to “The Raiders deeply appreciate the efforts of the Adelson family to bring the Raiders to Las Vegas,” the team’s statement said.
In addition, it would stage major concerts, high-level soccer matches and other events too large for existing Las Vegas arenas.
SISOLAK STUNNEDSisolak, a supporter of the bid to bring the Raiders to Las Vegas and build the stadium, said he was stunned by the turn of events.
“We were not only excluded from the proposed agreement; we weren’t even aware of its existence.”“It’s clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family,” Adelson’s statement said.
“I am hopeful that the Raiders are working to secure the additional funds that would have been provided by the Adelson family.

Adelsons withdraw investment from proposed Raiders stadium in Las Vegas

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In a statement, the team said: “The Raiders deeply appreciate the efforts of the Adelson family to bring the Raiders to Las Vegas.
Last week, the Raiders submitted a proposed lease to the Las Vegas Stadium Authority that included the team’s paying $1 a year in rent.
Billionaire casino magnate Sheldon Adelson abruptly pulled out of a deal to help fund a $1.9-billion stadium for the Oakland Raiders in Las Vegas and threw into question the financing behind the team’s possible relocation.

Adelson no longer involved in Raiders’ Las Vegas stadium plan

according to Adelson said his family and Las Vegas Sands “will no longer be involved in any facet” of the plan.
The Raiders released a statement shortly after Adelson’s announcement:”The Raiders deeply appreciate the efforts of the Adelson family to bring the Raiders to Las Vegas.
It’s clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family.
Adelson had pledged $650 million and the Raiders $500 million, with the stadium authority putting up $750 million in Las Vegas tax revenues.
Casino mogul Sheldon Adelson has pulled out of a plan to build a $1.9 billion domed stadium for the NFL’s Oakland Raiders to move to Las Vegas.

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