Sheldon Adelson Threatens to Quit Deal to Construct Stadium for Oakland Raiders

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Sheldon Adelson Threatens to Quit Deal to Construct Stadium for Oakland Raiders

Sheldon Aldelson, a renowned casino kingpin, has threatened to quit a deal to aid the construction of a stadium that will help in the relocation of National Football League’s Oakland Raidersfrom Oakland to Las Vegas if they don’t offer more favorable terms.

Why Does Sheldon Adelson Threaten to Quit Deal to Construct Stadium for Oakland Raiders?

Speaking at the travel technology conference in Tel Aviv on Wednesday, the mogul intimated that he had negotiated to move Oakland Raiders from Oakland to Las Vegas Nevada owing to the fact that there is no stadium in Oakland. Read how Sheldon Adelson Backs Bill to Ban US Online Gambling.

The plans are at an advanced stage especially since Adelson has already been able to influence the passing of legislation that will enable the construction of the stadium. However, he is yet to conclude terms with the Raiders.

He laments that the Raiders want a lot and that they are making it difficult to conclude the deal. I can live without the deal,’ says the mogul. These developments are a sign of a potential conflict between the team and the billionaire, coming at a time when everybody was enthused with the lovely idea of a big stadium.

A New Bill that sought to increase hotel taxes in a bid to raise a whole $750 million?

In fact, it is only last week that Brian Sandoval, Nevada’ governor, signed into law a bill that sought to increase hotel taxes in a bid to raise a whole $750 million for a new project of constructing a $1.9 billion, 65,000-seat domed stadium. But the passing of the legislation stoked the ire of Nevada residents, taxpayer groups and labor unions who feel it is wrong to collect public money for the stadium. Sheldon Adelson Endorses Donald Trump For 2016 US President Election?

Not Going To Hand Over Any Financial Information?

The mogul didn’t want to divulge financial details pertaining to the deal. His representative also refused to say anything further on the remarks the casino kingpin made on Wednesday. However, what is in the public domain is that the mogul has pledged a whopping $650 million toward the construction of the stadium. The remainder of the money for the project will come from the National Football League and Raiders. Check out the animated infographic that shows you the best slot machines to play for real money online below.

It is also emerging that moving Oakland Raiders to Las Vegas isn’t a walk in the park even if Adelson and the team agree on the terms. The relocation needs the approval of about three-quarters of NFL franchise owners. However, there is hope that the approval may not pose a hurdle as one of the influential owners of the NFL franchise, Jerry Jones, a Dallas Cowboys proprietor, has already indicated he’ll support the move. The owners of the NFL franchise are expected to meet and decide on the matter early next year.

An Oakland Raiders spokesman wasn’t available for comment. The Nevada Governor also didn’t return requests for comment.

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Sheldon Adelson Threatens to Quit Deal to Construct Stadium for Oakland Raiders
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Sheldon Adelson Threatens to Quit Deal to Construct Stadium for Oakland Raiders
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