Exclusive: Casino mogul Adelson says no
certainty over Las Vegas stadium for NFL's Raiders
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[October 27, 2016]
By Ari Rabinovitch
TEL AVIV (Reuters) - Casino mogul Sheldon
Adelson said he is prepared to walk away from a deal to build a stadium
that would help relocate the National Football League's Oakland Raiders
to Las Vegas if terms offered by the team do not improve.
"I negotiated to bring in the Oakland Raiders, an NFL football team from
Oakland, because they don't have a stadium there, that I would build a
stadium and rent it out to the Oakland Raiders," Adelson said on
Wednesday during a travel technology conference in Tel Aviv.
Adelson, who succeeded this month in getting legislation passed to
enable the construction of the stadium, said his problems now involve
negotiations with the Raiders.
"They want so much," he said. "So I told my people, 'Tell them I could
live with the deal, I could live without the deal. Here's the way it's
gonna go down. If they don't want it, bye-bye,'" he said.
Adelson's comments signal potential for discord between the billionaire
and the team at a time when momentum to build the stadium has been
growing.
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Nevada's governor, Brian Sandoval, signed a bill last week that would
increase hotel taxes to help raise $750 million for a new $1.9 billion,
65,000-seat domed stadium. The legislation drew criticism from taxpayer
groups and some labor unions, for providing public money for the
stadium.
Adelson did not comment on any of the financial details, and a
representative for the tycoon declined to elaborate on the remarks on
Wednesday. Adelson, who is chief executive of gambling giant Las Vegas
Sands Corp, has pledged up to $650 million toward building the stadium,
with the remainder coming from the Raiders and the National Football
League.
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![](../images/102716PICS/news_c7.jpg)
Las Vegas casino owner Sheldon Adelson attends the U.S. presidential
debate between Republican U.S. presidential nominee Donald Trump and
Democratic U.S. presidential nominee Hillary Clinton at Hofstra
University in Hempstead, New York, U.S., September 26, 2016.
REUTERS/Mike Segar
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The Raiders relocation is not certain even if Adelson and the team
agree terms. Any move would require approval from three-quarters of
NFL franchise owners.
Influential owners including Dallas Cowboys proprietor Jerry Jones
have already signaled their support. A decision by the owners is
expected early next year.
A spokesman for the Raiders did not return requests for comment. A
representative for Governor Sandoval also did not reply to requests
for comment.
(Additional reporting by Rory Carroll in SAN FRANCISCO; Editing by
Kenneth Maxwell)
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