On Friday Casino mogul Sheldon Adelson withdrew his proposed investment of $1.9 billion to help build the new Raiders stadium in Las Vegas. In a statement, Adelson put it clearly,
“So, regrettably, we will no longer be involved in any facet of the stadium discussion. While this is not the result my family was hoping for, I am very appreciative of the countless people who have given considerable time and energy to this process, especially so many of our elected officials who have made this a top priority for Southern Nevada.”
The deal is far from over, however. The $1.9 billion could now be a burden shouldered by taxpayers. Bruce Allen, a former senior executive for the Oakland Raiders, and someone with close ties to Raiders’ owner Mark Davis, spoke about the potential move in a more affirmative manner in an interview on 95.7 The Game.
“I think the Raiders are one of the great brands in the NFL and all of sports. The Raiders brand would play in a lot of markets. I think the deal worked out in Nevada is special. I think it’s fantastic for the organization, the Raider Nation … I understand some people wanted (the stadium) in Oakland, some people wanted in L.A., some want it in San Diego and I’m sure Raider fans in Texas would want them in Texas somewhere. … I think the deal is going to work out. I’ve heard only positive things.”