"One day after billionaire business mogul Sheldon Adelson pulled the plug on his financial backing of the proposed Raiders stadium in Las Vegas, Goldman Sachs — the next chief financial backer — followed suit.
A source familiar with the $1.9 billion stadium deal told NBC Bay Area that the investment bank is not committed to financially supporting the stadium deal unless future proceedings seat Adelson at the table.
The latest twist in the East Bay franchise's attempt to head to Las Vegas puts the proposed exodus up in the air.
The Raiders, who officially submitted relocation papers earlier this month, have committed $500 million to the stadium's construction. Las Vegas has chipped in $750 million via hotel tax revenue. Adelson had promised $650 million to fund the Las Vegas stadium, before abruptly ditching the deal Monday." -NBC Bay Area
When shit hits the fan it really makes a mess. We learned that lesson when rich racist d-bag Sheldon Adelson backed out of the deal, and then Goldman Sachs followed suit. Now Mark Davis is left with a huge mess to cleanup before the owners vote in March. Davis won't be able to fix this, the plan to move to Vegas was already somewhat a long shot, now it's definitley not happening. I'm thrilled by this news, the Raiders are Oakland, they need Oakland, and if they moved to Vegas that was all going to change. The Raiders are the bad asses of football by default, any team that wears black in silver, plays in a run down shit stadium, and has the most mentally unstable fans in the world is of course going to be looked at as the bad boys of the NFL. Even when the Raiders were trash, which was basically every year for the last 15 years before this one, they still had that aura around them. The only thing that could be worse, and the rumors are already spreading like wildfire, is a move to San Diego.
If the Raiders moved to San Diego, there'd be so many things wrong with that situation I'd lose respect for all the NFL owners. First off, San Diego just lost their team because they couldn't get approved to build a stadium, so why on earth would a new team move there, makes absolutely no sense. That was the logical reason for why that move makes no sense. The other more irrational reason is that going from Oakland to San Diego is like going from Hell to Heaven. You can't be the bad boys of the NFL and play in sunny vacation town San Diego, it just doesn't work. Raiders need to stay in Oakland with their shit stadium, their dope jerseys, and their awesome fans that make any visiting fan fear for their life when they enter the Oakland Coliseum. This is a blessing in disguise and it's a great day for Raiders nation.