Stay or Go: Adelson out, NFL could delay vote on Raiders move

EMBED </>More Videos

With Sheldon Adelson and Goldman Sachs withdrawing funds and support, Raiders owner Mark Davis could be looking at a long, hard climb back to funding his Vegas dream. (KGO-TV)

The proposed move by the Raiders to Las Vegas is now up in the air following a dramatic change of events.

ESPN: Goldman Sach re-evaluating Raiders Vegas deal

First, business mogul Sheldon Adelson said he was out and would not invest in the new stadium. Tuesday, Goldman Sach said without Adelson, it would not be a financial backer.

There is renewed enthusiasm and hope that the Raiders will stay put in Oakland.

For weeks now the organization has claimed that Goldman Sachs would help finance the $1.9 billion stadium deal if Nevada billionaire Sheldon Adelson dropped out.

He announced Monday that he could no longer support the plan and Tuesday, multiple reports say Sachs was pulling the plug too.

Adelson complained that he had been left out of some critical talks regarding the new stadium.

"If I was going to put $650 million in someone's pocket, and knowing what he did to get the deal together, to work with the local elected officials to the deal happen, and not get a piece of the action, I'd probably be upset too," said Oakland-Alameda County Coliseum Authority Commissioner Chris Dobbins.

The stadium was going to be funded through Adelson's $650 million, he then convinced the Nevada Senate to commit $750 million, then the Raiders and NFL would be in for $500 million.

Less money, more problems: Larry Beil's take on the Raiders' funding collapse
EMBED More News Videos

ABC7 Sports Director Larry Beil gives his take on the collapsing of Mark Davis' Las Vegas dream, and where the NFL may go from here.

Unlike Adelson, Goldman Sachs wasn't expected to be an investor in the deal, only a lender.

"You can borrow the money, but you have to pay it back. Davis has said they don't have the money to build the stadium by themselves.

With this latest development, some speculate the NFL could table any vote on a Raiders move.

"So I think Oakland is the right place for the Raiders," said Councilmember Noel Gallo. "It's got the fan base, the community and most importantly we want the Raiders to stay in Oakland."

RELATED: Adelson pulls $650 million investment from Raiders Vegas stadum deal

Meanwhile, Ronnie Lott and his investment group say they are ready to work with Davis to come up with funds fo the construction of a $1.2 billion stadium in Oakland, something that Davis has not wanted to discuss.

Click here to sign a petition against moving the Raiders.

Click here for more photos, stories and videos on the Oakland Raiders.
Related Topics:
sportsOakland RaidersnflfootballconstructioncasinoLas Vegas
(Copyright ©2018 KGO-TV. All Rights Reserved.)

More Oakland Raiders

More Sports

Top Stories
Show More