Gold­man Sachs now on board, team of­fi­cials say

San Francisco Chronicle Late Edition - - FRONT PAGE - By Vic Ta­fur

Team owner Mark Davis, above, says fi­nanc­ing is in place for Las Ve­gas sta­dium, with or with­out help from casino mogul.

Raiders ex­ec­u­tives have told the Las Ve­gas Sta­dium Au­thor­ity board that in­vest­ment bank Gold­man Sachs has guar­an­teed the nec­es­sary fi­nanc­ing for a move to Las Ve­gas. That’s with or with­out casino mogul and prospec­tive part­ner Shel­don Adel­son, ac­cord­ing to the Las Ve­gas Re­view-Jour­nal.

Adel­son “has had some dif­fer­ences with the Raiders,” a league source said, af­ter Adel­son played a key role in get­ting Ne­vada law­mak­ers to pass leg­is­la­tion that would con­trib­ute $750 mil­lion in pub­lic money to a pro­posed $1.9 bil­lion sta­dium project. Adel­son pledged $650 mil­lion to the 65,000-seat venue, with the Raiders and NFL re­spon­si­ble for the re­main­ing $500 mil­lion.

Raiders owner Mark Davis con­tin­ues to meet with Adel­son. Tom Blanda, team se­nior vice pres­i­dent of sta­dium de­vel­op­ment and op­er­a­tions, told the Re­view-Jour­nal on Thurs­day that he is op­ti­mistic the mat­ter will be re­solved within a month.

“Ne­go­ti­a­tions are pro­ceed­ing and we’ll see if we come to an agree­ment with the (Adel­son)

fam­ily. I’m not re­ally sure who else we’ll talk to,” Blanda told the pa­per. “We’ll see how things re­solve them­selves.”

When con­tacted by The Chron­i­cle, Blanda re­ferred to the Re­viewJour­nal story. Raiders Pres­i­dent Marc Badain de­clined com­ment.

Adel­son is the chair­man and CEO of Las Ve­gas Sands Corp. His fam­ily owns the Re­viewJour­nal.

Steel­ers owner Art Rooney II told the pa­per that own­ers were told that the Raiders had se­cured a no-Adel­son op­tion at a Wed­nes­day meet­ing in New York.

There has been spec­u­la­tion that Adel­son will at­tempt to pur­chase a piece of the Raiders, but Rooney on Wed­nes­day cited rules and poli­cies that would pro­hibit a casino owner from own­ing a fran­chise.

A vote on the Raiders’ move is not ex­pected un­til the own­ers’ an­nual meet­ing in Phoenix in late March. Davis needs 24 of the 32 own­ers to ap­prove.

Of­fi­cials in Oak­land reached a land deal in Novem­ber with a group backed by Fortress In­vest­ment and led by for­mer 49ers and Raiders de­fen­sive back Ron­nie Lott.

“We have de­liv­ered to the Raiders a sta­dium that will be pri­vately fi­nanced and is re­spon­si­ble to the tax­pay­ers in one of the most valu­able NFL mar­kets in the coun­try with the most amaz­ing fan base and legacy that any foot­ball team could ever dream of hav­ing,” Oak­land Mayor Libby Schaaf said Wed­nes­day.

Davis has shown no in­ter­est in the Lott deal, say­ing it’s too lit­tle, too late.

Eric Chris­tian Smith / As­so­ci­ated Press


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