{"id":45120,"date":"2017-02-13T13:00:35","date_gmt":"2017-02-13T21:00:35","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=45120"},"modified":"2017-02-13T13:58:57","modified_gmt":"2017-02-13T21:58:57","slug":"raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/","title":{"rendered":"Raiders Were \u201cPicking Adelson\u2019s Pocket\u201d Over Stadium Deal, Says Spokesman"},"content":{"rendered":"<p class=\"p1\">\n<p class=\"p3\">Sheldon Adelson withdrew a $650 million commitment to help build a stadium in Las Vegas for the Oakland Raiders after becoming frustrated with the team\u2019s overreaching demands and mixed signals towards him during negotiations.<\/p>\n<figure id=\"attachment_45121\" aria-describedby=\"caption-attachment-45121\" data-style=\"width: 627px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-45121\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/02\/cz7ligeuyaa_dtf.jpg\" alt=\"Mark Davis and Sheldon Adelson have fallen out of Raiders Vegas move \" width=\"627\" height=\"470\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/02\/cz7ligeuyaa_dtf.jpg 600w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/02\/cz7ligeuyaa_dtf-142x107.jpg 142w\" sizes=\"(max-width: 627px) 100vw, 627px\" \/><figcaption  id=\"caption-attachment-45121\"class=\"text-description\">Mark Davis and Sheldon Adelson, pictured here in happier times, are no longer working together on the $1.9 billion \u201cLas Vegas Raiders\u201d stadium project. Adelson spokesman Andy Abboud had some harsh words for the Raiders this week. (Image: Richard Carson\/Reuters)<\/figcaption><\/figure>\n<p class=\"p3\">This is according to Andy Abboud, vice president of government relations and community affairs for LVS.<\/p>\n<p class=\"p3\">Abboud told the Las Vegas Review-Journal, a newspaper owned by his boss, Adelson, that the final straw came when the Raiders took a proposed stadium lease agreement to the Las Vegas Stadium authority without informing the Adelsons.<\/p>\n<p class=\"p3\">The lease made no mention of the Adelsons as a partner, a turn of events Abboud describes as \u201cstunning.\u201d<\/p>\n<p class=\"p3\">\u201cI\u2019m still trying to figure out what the hell they were thinking,\u201d Abboud said. \u201cHad they told anybody ahead of time that they were going to dump that document, even if they had told us, \u2018We don\u2019t want you in the deal anymore,\u2019 if they had shown anyone that\u2019s been involved in this process at all that document, we would have said, \u2018What in the hell are you thinking?\u2019\u201d<\/p>\n<h2 class=\"p3\"><b>Commitment Issues<\/b><\/h2>\n<p class=\"p3\">Four days after the meeting with the authority, on January 30th, Adelson pulled his commitment, leaving the project with a $650 million hole in its financing, and the Raiders\u2019 proposed move now hangs in the balance.<\/p>\n<p class=\"p3\">Up until that point, all had at least appeared to have been progressing smoothly. <a href=\"https:\/\/www.casino.org\/news\/sheldon-adelson-pushes-reported-100-million-donald-trump\">Adelson<\/a> had been instrumental in luring the Raiders to Vegas.<\/p>\n<p class=\"p3\">The Nevada legislature had approved an increase on Las Vegas hotel taxes in order to shoulder the $750 million fronted by the taxpayer. Raiders owner Mark Davis had pledged $500 million towards the project and had announced a \u201clifetime commitment\u201d to the city.<\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"p3\"><strong>But according to LVS, his commitment to the city was found wanting. The draft lease agreement drawn up by the Raiders did not \u201creflect the commitments that were made to UNLV,\u201d with which it was agreed the stadium would be shared, said Abboud.<\/strong><\/p>\n<\/blockquote>\n<h2 class=\"p3\"><b>Mixed Signals<\/b><\/h2>\n<p class=\"p3\">He added that, throughout the negotiations, the Raiders offered \u201cconflicting stories\u201d about the NFL\u2019s view of Las Vegas\u2019 suitability as a franchise city and of the Adelson\u2019s involvement in the project. Abboud speculated that the team may have being employing this as a manipulation technique.<\/p>\n<p class=\"p3\"><em><strong>\u201c(Adelson) was willing to share revenues and make it financially mutually beneficial, but they were picking his pocket,\u201d Abboud said.<\/strong><\/em><\/p>\n<p class=\"p3\">\u201cI think that they felt they were asking to be entitled to revenue streams and things that simply made the deal unworkable. It was never about the financial return for the Adelsons, but the Adelson family wasn\u2019t going to have their pocket picked, by the Raiders or by the <a href=\"https:\/\/www.casino.org\/news\/nfl-television-ratings-score-late-season-touchdown-following-presidential-election\">NFL<\/a> or anybody,\u201d he said.<\/p>\n<p class=\"p3\">\n","protected":false},"excerpt":{"rendered":"<p>Sheldon Adelson withdrew a $650 million commitment to help build a stadium in Las Vegas for the Oakland Raiders after becoming frustrated with the team\u2019s overreaching demands and mixed signals towards him during negotiations. This is according to Andy Abboud, vice president of government relations and community affairs for LVS. Abboud told the Las Vegas [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":45121,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raiders were \u201cPicking Sheldon Adelson\u2019s Pocket,\u201d over Stadium Deal, Says Spokesman<\/title>\n<meta name=\"description\" content=\"Sheldon Adelson withdrew his funding for the proposed Raiders stadium due to \u201cstunning\u201d lease agreement and overreaching demands, says Abboud.\u00a0\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raiders were \u201cPicking Sheldon Adelson\u2019s Pocket,\u201d over Stadium Deal, Says Spokesman\" \/>\n<meta property=\"og:description\" content=\"Sheldon Adelson withdrew his funding for the proposed Raiders stadium due to \u201cstunning\u201d lease agreement and overreaching demands, says Abboud.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-13T21:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-02-13T21:58:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/02\/cz7ligeuyaa_dtf.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/\",\"url\":\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/\",\"name\":\"Raiders were \u201cPicking Sheldon Adelson\u2019s Pocket,\u201d over Stadium Deal, Says Spokesman\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/02\/cz7ligeuyaa_dtf.jpg\",\"datePublished\":\"2017-02-13T21:00:35+00:00\",\"dateModified\":\"2017-02-13T21:58:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Sheldon Adelson withdrew his funding for the proposed Raiders stadium due to \u201cstunning\u201d lease agreement and overreaching demands, says Abboud.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/raiders-picking-sheldon-adelsons-pocket-stadium-deal-says-spokesman\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/02\/cz7ligeuyaa_dtf.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/02\/cz7ligeuyaa_dtf.jpg\",\"width\":600,\"height\":450,\"caption\":\"Mark Davis and Sheldon Adelson, pictured here in happier times, are no longer working together on the $1.9 billion \u201cLas Vegas Raiders\u201d stadium project. 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