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Losing Adelson and now Goldman Sachs. Maybe the Raiders best bet is to move to San Diego.
http://www.espn.com/nfl/story/_/id/18594...dman-sachs
The Raiders' proposed move to Las Vegas was dealt another blow Tuesday afternoon when investment bank Goldman Sachs withdrew its financial support for the project, sources told ESPN's Ramona Shelburne.
The news comes a day after billionaire casino mogul Sheldon Adelson angrily withdrew from the Raiders' stadium deal. Adelson had previously committed $650 million to get the $1.9 billion project completed but announced the removal of his stake in a statement Monday.
The Raiders had presented a plan to the NFL and state lawmakers that relied on financial support from Goldman Sachs, with or without Adelson, but sources told Shelburne that the investment bank -- which has deep and longstanding business ties to Adelson -- decided Tuesday that it was no longer comfortable continuing in its business relationship with the Raiders after the deal collapsed with Adelson.
Adelson, the CEO of Las Vegas Sands Corp., declared that he had been shut out of talks that led to the lease document presented to the Clark County Stadium Authority.
"We were not only excluded from the proposed agreement," Adelson said, "we weren't even aware of its existence."
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Adelson wanted an ownership stake in the team and Davis wouldn't agree.
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......low hanging Sach......??
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I reject your reality and substitute my own!
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Adelson and Davis are the same kind of filth. Everyone who wasn't on this bandwagon knew the wheels would come off before a shovel was even put in the ground.
I'm a Nevada resident, and now all those idiot legislators who fell all over themselves to give away the bank look like the idiots they all are!
I'm glad this whole charade can be over now!
~A
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tahoedrew wrote:
Adelson and Davis are the same kind of filth. Everyone who wasn't on this bandwagon knew the wheels would come off before a shovel was even put in the ground.
I'm a Nevada resident, and now all those idiot legislators who fell all over themselves to give away the bank look like the idiots they all are!
I'm glad this whole charade can be over now!
~A
I wonder if Goodell and the NFL also helped end this project due to the gambling taboo the league is trying to avoid. Maybe Goodell exerted influence so the Raiders will either stay in Oakland or move to San Diego. The NFL LOVES San Diego for Super Bowls.
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pRICE cUBE wrote:
[quote=tahoedrew]
Adelson and Davis are the same kind of filth. Everyone who wasn't on this bandwagon knew the wheels would come off before a shovel was even put in the ground.
I'm a Nevada resident, and now all those idiot legislators who fell all over themselves to give away the bank look like the idiots they all are!
I'm glad this whole charade can be over now!
~A
I wonder if Goodell and the NFL also helped end this project due to the gambling taboo the league is trying to avoid. Maybe Goodell exerted influence so the Raiders will either stay in Oakland or move to San Diego. The NFL LOVES San Diego for Super Bowls.
I can't remember the last one there. Now they seem to offer Super Bowls as rewards for building new stadia.
As a corporation, I'd say the NFL is not responsible with it's image. It's brand. Ratings are down. They lost an entire generation of potential fans in the L.A. area that grew up without a team. Now they're alienating millions of San Diego and Raiders fans. Just pissed off Vegas.
The NFL just needs to bite the bullet and either build stadiums or force owners to sell their teams to more wealthy individuals/groups that can afford to build them on their own (such as the Rams owner and Jerry Jones). The cities are just not going to put good money down for stadiums anymore. The Chargers will never prosper outside of San Diego in my opinion.
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vision63 wrote:
[quote=pRICE cUBE]
[quote=tahoedrew]
Adelson and Davis are the same kind of filth. Everyone who wasn't on this bandwagon knew the wheels would come off before a shovel was even put in the ground.
I'm a Nevada resident, and now all those idiot legislators who fell all over themselves to give away the bank look like the idiots they all are!
I'm glad this whole charade can be over now!
~A
I wonder if Goodell and the NFL also helped end this project due to the gambling taboo the league is trying to avoid. Maybe Goodell exerted influence so the Raiders will either stay in Oakland or move to San Diego. The NFL LOVES San Diego for Super Bowls.
I can't remember the last one there. Now they seem to offer Super Bowls as rewards for building new stadia.
As a corporation, I'd say the NFL is not responsible with it's image. It's brand. Ratings are down. They lost an entire generation of potential fans in the L.A. area that grew up without a team. Now they're alienating millions of San Diego and Raiders fans. Just pissed off Vegas.
The NFL just needs to bite the bullet and either build stadiums or force owners to sell their teams to more wealthy individuals/groups that can afford to build them on their own (such as the Rams owner and Jerry Jones). The cities are just not going to put good money down for stadiums anymore. The Chargers will never prosper outside of San Diego in my opinion.
Yes, the SB has not been in San Diego because the stadium is not up to the standard of holding a SB anymore. By not awarding it to SD it also added pressure to build a new stadium. Team owners no longer have the LA boogeyman to scare municipalities into building a stadium. Now Las Vegas has turned into a joke. The only city out there that really could have a chance in San Antonio and Cowboys owner Jerry Jones has enough pull to shut that down for the time being.
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San Diego can't get another NFL franchise until we remedy the stadium situation according to King Roger Goodell. It's an outside possibility, the public was almost split on the last vote (46-54 no fund), but that was really seen as more of a referendum on the Spanus family and their refusal to ante up a significantly larger portion of the cost. Also, that vote only included voters in the city limits, and not the much larger county.
So who knows? However, it is clear that until the stadium issue is resolved (read this as who's going to pay for a new NFL-sized stadium - and is their money in the bank) there isn't going to be any NFL action in San Diego.
Meanwhile, SDSU is trying to push its advantage now that the Chargers are gone. They are the co-tenant in the stadium and want a newer and smaller joint-use stadium - with likely MLS involvement. Campus expansion to Mission Valley is the real goal. The main campus is only two miles away. Their goal includes new classrooms, office space for academics, and housing for both students and faculty.
Developers have less of an advantage, but they're still pushing their own version of a new use for the current site. Most of their ideas revolve around housing and retail. Since the San Diego "River" flows through the site, they would also like to develop the area around that "River" (Currently, it's an overgrown puddle with plenty of homeless people living along the banks).
The NFL retains 17 acres on the current site as part of a separate agreement for the next few years.
The Water Department also has its hooks in the site - though as part of the City, they'd be easier to deal out.
It's been very interesting to watch all the different actors vying for control now that the Chargers have pulled up stakes.
