Jerry Jones Reportedly Finding Investors to Finance Raiders' Las Vegas Stadium

Tim Daniels@TimDanielsBRFeatured ColumnistMarch 4, 2017

HOUSTON, TX - FEBRUARY 05:  Dallas Cowboys owner Jerry Jones stands on the field prior to Super Bowl 51 between the New England Patriots and the Atlanta Falcons at NRG Stadium on February 5, 2017 in Houston, Texas.  (Photo by Tom Pennington/Getty Images)
Tom Pennington/Getty Images

Dallas Cowboys owner Jerry Jones is reportedly working to find potential investors to help the Oakland Raiders finance a new stadium in Las Vegas.

Bleacher Report's Jason Cole tweeted Saturday that Jones is trying to assist the AFC organization in filling the void left by Las Vegas Sands Corporation chairman Sheldon Adelson.

The Raiders officially filed their relocation paperwork with the NFL on Jan. 19, per NFL.com. By doing so before Feb. 15, the issue is available for a vote at the Annual League Meeting between owners in March, where they would need at least 24 votes to move the franchise.

Stadium financing could be an issue, though.

Art Marroquin and Tom Spousta of the Las Vegas Review-Journal reported in September the proposed domed facility would carry a total cost for $1.9 billion. The payment breakdown included a $750 million public investment, $650 million from Adelson and $500 million from the Raiders.

The casino magnate dropped out of the process in February, however. Ahiza Garcia of CNN Money passed along a statement he made after a lease proposal was made public by the Raiders.

"The Oakland Raiders came before the Las Vegas Stadium Authority last week with a proposed lease agreement that has sent shockwaves through our community," Adelson said. "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."

He added: "It's clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family. So, regrettably, we will no longer be involved in any facet of the stadium discussion."

In addition, Paul Gutierrez of ESPN noted global investment firm Goldman Sachs also removed itself from the discussions.

Ian Rapoport of the NFL Network stated those two high-profile exits put the relocation in "jeopardy:"

Ian Rapoport @RapSheet

Power of Sheldon Adelson: #Raiders move to Vegas is in jeopardy with him pulling out & his ties to Goldman Sachs. This could be his legacy

The Raiders were established in Oakland in 1960 and moved to Los Angeles in 1982 before returning to their home city in 1995. The original plan called for relocation to Las Vegas by 2020. It's unclear whether the stadium financing issues have changed that timeline.


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