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Raiders President Marc Badain says financing for Las Vegas stadium won't be an issue

Raiders President Marc Badain says financing for Las Vegas stadium won't be an issue
Published On: Fri, Feb 10
Jun 6, 2016; Washington, DC, USA; Denver Broncos linebacker DeMarcus Ware (left) and retired Broncos quarterback Peyton Manning (second from left) pose with teammates and President Barack Obama (middle) at a ceremony honoring the NFL Super Bowl Champion Broncos in the Rose Garden at The White House. Mandatory Credit: Geoff Burke-USA TODAY Sports

Reaffirming the franchise's desire to relocate to southern Nevada in the wake of casino magnate Sheldon Adelson withdrawing his $650 million pledge last week, Oakland Raiders President Marc Badain told a meeting of the Las Vegas Stadium Authority Board on Thursday that "financing will not be an issue."

And while the Raiders also lost the financing of Goldman Sachs, a longtime business partner of Adelson, Badain said "multiple financial institutions" had shown interest in the plan to build a $1.9 billion, 65,000-seat domed stadium that the Raiders would share with UNLV. Badain, though, did not disclose said interested parties.

"You'd be surprised how many people are interested in funding this project," Badain said.

At last week's state of the league address, NFL commissioner Roger Goodell said potential investors with casino ties might want to look elsewhere, especially if they are looking for a certain path with their investment.

"I don't see an ownership position in a team from a casino," Goodell said. "That is not something that is consistent with our policies ... not likely a stadium, either."

The Raiders have pledged $500 million to the project and have identified a 62-acre plot on Russell Road, west of Interstate 15 and the Mandalay Bay Resort and Casino on the south end of Las Vegas, as their preferred site.

Read the complete news article here...


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