Oakland Raiders owner Mark Davis bid $500 million to move to Las Vegas

Oakland Raiders owner Mark Davis bid $500 million to move to Las Vegas

Oakland Raiders owner Mark Davis met with Nevada officials Thursday morning, appearing next to soccer star David Beckham and casino owner Sheldon Adelson, according to ESPN.

The group stood before the committee eyeing a $1.4 billion stadium just off of the Las Vegas Strip. 

The idea is that Davis, Adelson and other private funders would provide $650 million for the stadium, where the remaining money would be raised by tourism taxes.

The Oakland Raiders are looking for a permanent home after missing out on the Los Angeles stadium that will house the San Diego Chargers and Los Angeles Rams. The Raiders still have the opportunity to move into Los Angeles should the Chargers get a deal done in San Diego.

The Raiders are currently playing in O.Co Coliseum after signing a three-year deal in the offseason that includes two one-year team options.

The Raiders made the following statement about the meeting: 

The Raiders would like to thank the Southern Nevada Tourism Infrastructure Committee and Mayor Goodman for their time today as we continue to explore options for a permanent stadium solution. We appreciate the support and passion of Raiders fans everywhere.

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