Casino mogul Adelson says no certainty over Las Vegas stadium for NFL’s Raiders

Follow 9News Nigeria On Social Media

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
Social sharing

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.

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.

READ ALSO  Protesters Shut Down Port Harcourt International Airport (Photo)

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.

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.

Source: Reuters 

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

READ ALSO  Earning ₦200K Monthly In Nigeria Is Better Than £2000 In UK - Allen Onyema

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About Timothy Stephen 1104 Articles
9News Nigeria Global Breaking News Platform News from Nigeria News from Africa Nigerian News African News

Be the first to comment

Leave your comment