The Raiders are In some Trouble
If you don’t know this guy his name is Sheldon Adelson. He is one of the Richest and Most powerful men in America. He was the guy really putting up the majority of the money for the new Raiders Stadium in Las Vegas. He was chipping in $650 million dollars his net worth is close to $30 Billion. There is some rocky news with him pulling out of the Stadium deal moving the Raiders to Las Vegas. Adelson is super pissed that he was left out of the lease document discusion presented to the Clark County Stadium Authority. Quoting Sheldon
“We were not only excluded from the proposed agreement,” Adelson said, “we weren’t even aware of its existence.”
Why is this a problem besides taking $650 million out of the equation? Goldmen and Sachs might be pulling out too. This is what happens when business guys are friends. Aldelson has been longtime associates from the guys that almost brought down America. They were going to underwrite the rest of Mark Davis’ money for the $1.5 billion dollar stadium. Underwriting is when a bank sign’s and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs.
On a side note how does a guy like this become a billionair.
It looks like the Raiders are just piling lies on top of lies to get out of Oakland. They never mentioned Adelson in the draft to the NFL on the move and they are also saying that no matter what Goldman and Sachs with support them with or without Sheldon. With the Raiders being the Largest thing Davis owns they have to have Goldie and Sachs in the mix to get this stadium done.
Davis will come crawling back to moneybags Sheldon if he ever wants to get out of 3rd most violent city in America.