The Oakland Raiders moved one step closer to their move to Las Vegas when they applied for relocation last week, and now more details are coming out regarding their possible move.
Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson have withdrawn as investors in the proposed stadium, according to the Las Vegas Journal-Review.
Adelson, who owns the newspaper, said in a statement that his family "will no longer be involved in any facet of the stadium discussion."
The Raiders presented their first lease agreement, which included the team paying just $1 rent and noticeably didn't include Adelson's name anywhere.
“The Oakland Raiders came before the Las Vegas Stadium Authority last week with a proposed lease agreement that has sent shockwaves through our community,” read his statement. “It was certainly shocking to the Adelson family. We were not only excluded from the proposed agreement; we weren’t even aware of its existence.
“In addition to being discouraged by the surprise submission, I was deeply disappointed for the disregard the Raiders showed our community partners, particularly UNLV, through the proposed agreement."
The Raiders released the following statement:
"The Raiders deeply appreciate the efforts of the Adelson family to bring the Raiders to Las Vegas. We know this project could not have advanced to this point without them. The Raiders remain steadfast in honoring Mark Davis' commitment to Governor Sandoval and the State of Nevada to pursue relocation to Las Vegas."
The Raiders have reportedly lined up commitments from Goldman Sachs to help fund the stadium in place of Adelson. Owner Mark Davis and the team are expected to present their plan to NFL owners in late March, where they will hope to get 24 votes to approve the move.