Vegas Raiders Committee Meets After Major Investors Bolt

KCBS_740

OAKLAND (KCBS) — The group that’s overseeing the proposal to build a new stadium for the Raiders in Las Vegas met for the first time Thursday, since the deal’s major financial backers pulled out.

Questions surround the deal after casino magnate Sheldon Adelson said January 30th he would no longer pledge $650 million towards the $1.9 billion stadium. Goldman Sachs, who was also investing $650 million, announced a day later they would no longer back the deal.

In the meantime, the Raiders are still waiting for the NFL team owners to approve their proposed move from Oakland to Las Vegas.

A vote on that is expected during league meetings at the end of March.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?

Listen Live