It seemed the Oakland Raiders’ hopes to move to Las Vegas may be dead after casino mogul Sheldon Adelson — and then investment firm Goldman Sachs — backed out of intentions to provide $650 million towards the plan in late January. However, it appears the stadium plan found new life via a different avenue.

According to the Los Angeles Daily News’ Vincent Bonsignore, the Raiders have secured financing for a potential Las Vegas stadium, courtesy of Bank of America. The bank would provide the rest of the remaining capital, as both the city and owner Mark Davis have provided $1.2 billion in pledges.

The project is estimated to come in around $1.9 billion total.

Adelson still looks like he may be a player in this whole ordeal, as he knows the area and the people in it. Reports state that he may try to lure another team in if he isn’t a part of this new deal.

As far as the Oakland contingent goes, it looks like Fortress Investment Group — who’s backing Ronnie Lott’s bid — wasn’t at a meeting on Monday regarding the team’s future:

Nothing new was added from Oakland officials, leaving them in a bit of a purgatory:

This showdown of towns and money is going to end up in a seemingly messy divorce either way. Someone isn’t going to like the way this goes down. It just depends which side is going to get the brunt of the pain.

[Pro Football Rumors; Pro Football Talk]

About Sam Blazer

Sam is a self proclaimed chess prodigy. He once placed seventh in the state of Ohio in Chess when he was in kindergarten. He will rarely if ever mention though that only eight people were entered in this tournament. Contact him at sblaze17@gmail.com

  • Respected Citizen

    How will Oakland cope without the 32 hours of local entertainment per year that the Raiders provided?