But after he felt Davis went behind his back in presenting a lease agreement to the city with or without his money, Adelson jumped ship. Goldman Sachs, the bank that was ready to finance Davis’ $500 million pledge, quickly followed in stepping away.<\/p>\n
It was a major blow to Davis moving his storied team from California to Sin City. But this week, Raiders President Marc Badain told the Las Vegas Stadium Authority “financing will not be an issue.”<\/p>\n
\nBadain said Davis has received interest from multiple financial\u00a0backers, though he didn’t specify who or which banks were in talks. “You’d be surprised how many people are interested in funding this project,” Badain said.<\/p>\n<\/blockquote>\n
Owners on Standby<\/b><\/h2>\n
Even if Davis finds the $1.15 billion worth of funding dollars he’s lost over the last two weeks, 24 of the NFL’s 32 owners would still need to approve the Raiders moving to Vegas.<\/p>\n
Davis has already filed relocation paperwork with the league. It’s unclear when a vote might happen, but it wouldn’t presumably take place before the Las Vegas Stadium Authority signs off on the project.<\/p>\n
The next meeting with local officials in Nevada will take place on March 9. Davis’ group\u00a0will likely be scrambling until then to secure financing and keep the\u00a0move on course.<\/p>\n","protected":false},"excerpt":{"rendered":"
Las Vegas Sands founder Sheldon Adelson was in Washington, DC this week to meet with President Donald Trump. The two billionaires dined at the White House, showing that being the money man behind the money man in a presidential election puts you on the inside track once he’s elected. There is much speculation as to […]<\/p>\n","protected":false},"author":42,"featured_media":44995,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61,16],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Sands Billionaire Sheldon Adelson Dines With President Trump<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n