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Adelson will likely back out. And even when the Raiders back out, there are contingencies in place. Nobody reads the small print. But that new stadium can be built for much less than the huge price tag that's been reported. Adelson's $650m arent essential. Nor is the $500m from the Raiders.
Funny. The Raiders will put up $500m and pay another $550m relocation fee when a new stadium in Oakland is estimated to cost about $1.2b. That makes very little financial sense. Especially considering the revenue potential in the Bay Area is much higher than that of the Vegas area. The only way the NFL would allow this is if their was a ulterior gain to be made by having the Raiders in LV. There isnt tho. It hurts the league's overall negotiating power with the TV networks. CBS is already upset that their TV deal includes mostly teams in the smaller markets compared to the east coast heavy NFC. A move to Vegas would further strain relations with the TV network.
Relocation fees are not as valuable as TV money. Moving the Rams and Chargers to LA not only generated relocation fee revenue for each owner, it moved the teams to bigger/more valuable TV markets. It's a no-brainer.
Vegas is indeed a huge draw from the entire SoCal market. That's why the Raiders chose it to strike up a deal. It's a shot across the bow of Kroenke and the Rams. If you think Kroenke is going to allow this move you're nuts. It will hurt his wallet. That's why Im so confident in all of this. Mark Davis versus the owner of Walmart? C'mon.
This is the equivalent of JLaw's AM/PM team getting into a feud with Factory Honda. That fight is over before it begins.
The Shop
Im looking pretty smart at the moment, being that over the last 48 hrs both Sheldon Adelson & Goldman Sachs have officially pulled out of any stadium talks in Las Vegas.
The Raiders are scrambling to save face in the media. It's pretty ugly. They've gone as far as to leak to the press that they are going to set their sights on San Diego. Then today Commissioner Roger Goodell came out publicly to kill that idea. The Raiders are laughable in their lack of self awareness. What a amateur organization.
Especially after the Raiders requested a $1 annual rent of the stadium with complete control over a majority of everything, Mark Davis is just a really bad NFL owning troll. I'm thankful it has fallen through now.
That was a bad & rare financial fuck up by these billionaires. The "St Louis Stallions" was by far the better expansion proposal. I believe you will eventually get your Jag's back one day.
And if we really want to get into it, the Cardinals NEVER should've left to Arizona. Relocation is horrible. Teams should be forced to fold if they cannot make it in their home markets.
Europe has the best system. Relegation.
Pit Row
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