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Thread: Raiders file with NFL to move to Las Vegas

  1. #61
    Insider Jim Wilke's Avatar
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    I am assuming that Adelson was going to finance the stadium and then leverage that into some percentage of team ownership.

  2. #62
    iLl-enfORmed yOKel Ren Butler's Avatar
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    Yeah, I assume that's what Clayton was referring to. Ownership is how you get that seat at the table.

    But a casino magnate so intimately involved with the NFL? The popular perception of the league already has enough cracks.
    I'm starting to understand why so many women feel negatively toward males. I had always assumed that the predators made up a small fraction of male-kind, but I may have been wrong. When you impose yourself on an unwilling target, you do great harm to both sexes. Time to grow up, boys.

  3. #63
    Insider Indyknut's Avatar
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    Quote Originally Posted by skypigeon View Post
    Wouldn't it make a lot more economic sense for them to buy the Raiders, then, vs. the Jets?


    Are they for sale?

  4. #64
    Subversively normal skypigeon's Avatar
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    Are the Jets for sale??

    I'll phrase it differently: If they're looking to buy a team and move it to St. Louis, wouldn't it make more economic sense to offer such a proposal to the ownership of the Raiders, rather than the ownership of the Jets?

  5. #65
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    Quote Originally Posted by skypigeon View Post
    Are the Jets for sale??

    I'll phrase it differently: If they're looking to buy a team and move it to St. Louis, wouldn't it make more economic sense to offer such a proposal to the ownership of the Raiders, rather than the ownership of the Jets?
    I don't know. Perhaps it's the circles the Busch family moves in and Davis isn't in that circle. We don't even know if the rumor is true. Johnson is a Trump nominee for Ambassador to Great Britain. I know he's had issues with taxes he didn't pay in the past and that might hurt his chances for the position. Hard to say what transpired to even get that Jets to STL rumor started in the first place but I just don't see the Busch family mingling with Mark Davis at any level.

  6. #66
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    Quote Originally Posted by Indyknut View Post


    Are they for sale?
    Mark Davis has repeatedly said the team is not for sale.

    Also, one thing to remember when considering Davis giving some ownership to a Las Vegas high roller of sorts, the Busch family, etc. to help finance the construction, Davis doesn't own all of the Raiders. His share is 47%. The key is majority shareholder. Also, I'm sure 50 or so years ago when Al Davis was rewriting ownership agreements, there's a first right of refusal if the other owners try to sell like Kroenke/Georgia had, not to mention if those minority shares vote on nothing. Don't think it's publicly known the percentage breakdown, but whatever percent he would even consider selling of his stake, would be in the amount that does not cross that majority shareholder threshold.

  7. #67
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    Update on Raiders Financing in Las Vegas

    Also, rereading my last post, another point of clarification related to Mark Davis and ownership. He doesn't own roughly 47% of the team. He owns 0% of the team. His mom owns roughly 47%.

  8. #68
    Quote Originally Posted by rodneyh View Post
    Update on Raiders Financing in Las Vegas

    Also, rereading my last post, another point of clarification related to Mark Davis and ownership. He doesn't own roughly 47% of the team. He owns 0% of the team. His mom owns roughly 47%.
    Does he run the team from her basement?

  9. #69
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    Possibly, evidently he has internet access at least as he's able to get a low Boarding Group number, then again maybe C not A?.



    He also drives a '97 Dodge Caravan, his mom's? He did trick it out with a VCR.


  10. #70
    ...and proud of it. comfortably numb's Avatar
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    Quote Originally Posted by rodneyh View Post
    Update on Raiders Financing in Las Vegas

    Also, rereading my last post, another point of clarification related to Mark Davis and ownership. He doesn't own roughly 47% of the team. He owns 0% of the team. His mom owns roughly 47%.
    THAT is hysterical!
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  11. #71
    Insider Indyknut's Avatar
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    I bet she puts a bowl on his head and still cuts his hair.

  12. #72
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    Bank of America is going to finance Vegas stadium:

    http://www.reviewjournal.com/sports/...subscriber=yes

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    Clark County is politely questioning the financing,

    4% interest, $650,000,000 30 years is about $38,000,000 a year in payments.

    If he's allowed to pay off the relocation fee over 10 years like other recent owners, at 650M, that's another $65,000,000 a year.

    Basically Davis, sans other investors, is looking at about $113,000,000 in debt each year. He may need another loan then to come up with the $1 rent he's proposing.

    Clark County and the State, besides the $750,000,000 in direct Stadium cost, is looking at $900,000,000 in transportation improvements supposedly needed for the Stadium.

    In the end, owners probably approve the move since Davis isn't even talking to Oakland and they're convinced there is no hope there, but still a lot of money issues in Vegas

  14. #74
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    Approved 31-1 evidently, Miami? lone dissent

  15. #75
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    It was Miami. What's their problem?
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  16. #76
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    I would have thought the Chargers would have been a dissenting vote since they have the most to lose out of this.

  17. #77
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    Well, after year 1 of being Ramless, the convention center has reported a 38% increase in conventions in the city vs. when the Rams were here. That increase is due to the center now being open during those months when they couldn't utilize the center fully due to the Rams being in town. That increase has especially been felt by increased DT restaurant and hotel revenue increases, something those in those industries said would happen and also indicates that the football team wasn't really doing much for the DT area during the football season. While the increase in conventions doesn't completely offset the loss of revenue from the football team's operations, as far as paying down the stadium bond debt, it's certainly better than nothing and a convention has numerous avenues to longterm financial rewards for the city vs. an NFL team. Especially a really bad NFL team.

  18. #78
    A friend of Hal. midtown's Avatar
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    Quote Originally Posted by Truth Detector View Post
    It was Miami. What's their problem?
    http://www.usatoday.com/story/sports...land/99700314/

    In a statement after the 31-1 vote, Miami Dolphins owner Stephen Ross indicated he didn't feel the Raiders had met the relocation criteria by doing all they could to find a workable solution to stay in the Bay Area.

    “My position today was that we as owners and as a League owe it to the fans to do everything we can to stay in the communities that have supported us until all options have been exhausted," Ross' statement said. "I want to wish Mark Davis and the Raiders organization the best in Las Vegas.”
    It's a Hoosier thing, you wouldn't understand...

  19. #79
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    Commendable but a little hollow coming from a team that got its stadium.

  20. #80
    iLl-enfORmed yOKel Ren Butler's Avatar
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    Miami got renovations, not a new stadium, and it was all privately funded. And a big driver of this was the fact that the NFL said Miami couldn't get any more Super Bowls until it had a modern stadium, so the team owner paid for it himself.

  21. #81
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    And?

  22. #82
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    Correct, however I believe he did try the public route first but the referendum to finance the Dolphins Stadium improvements failed, thus he ended up doing it himself plus NFL loan money. So he tried to get the public to do it, but in the end did it himself BUT didn't threaten to leave during the process, if I recall.

    Of course, I'm sure he won't turn down his relocation fee distribution he'll get from the Raiders.

    I'll say it again, if Davis really wanted to be in Oakland and the current financing setup in Las Vegas is legit and as is(i.e. no investor behind the scenes is stepping up), he could've easily stayed in Oakland.

    Davis's share:
    650,000,000 in a loan from BofA
    650,000,000 relocation fee

    That's 1,300,000,000 he can afford right there with no other money.

    I still think he's in over his head and if he doesn't get a Sugar Daddy to step up, the next three years are going to be a rocky road to that Stadium getting built(Doesn't even have a location yet). Nearly a billion in transportation to be spent.

    I think what happens, his end begins to fall apart, and the State/County ends up needing to kick in more money to keep the project moving(Hence why the NFL loves the public partnership, Government can always find the money). Your guy's Indiana Capital Improvement Board keeps raising taxes on you guys to keep to stay afloat. Will that last admissions tax be it for awhile?

  23. #83
    Insider MoparsRule's Avatar
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    Question that a coworker asked at lunch:

    Should the NFL have required the team/city to build a housing unit/hotel on or near the stadium with no gambling to house the teams in on game weekends instead of them staying in a standard LV resort/casino?

  24. #84
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    Great stuff, looking forward to "free" tickets when booking at the Big Hotels.

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    ...and proud of it. comfortably numb's Avatar
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    Raider fans will be at home in their new home.
    There are a lot of rocks in the desert.

  26. #86
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    Quote Originally Posted by MoparsRule View Post
    Question that a coworker asked at lunch:

    Should the NFL have required the team/city to build a housing unit/hotel on or near the stadium with no gambling to house the teams in on game weekends instead of them staying in a standard LV resort/casino?
    I think it is a reasonable question to ask, but my answer is no. To me, if they are okay now with letting their teams play and live in Las Vegas, they need to not try and pretend they can somehow control legal gambling by athletes and accept that it is okay. This doesn't change the thinking about gambling on sports, or at least your own team, but legal table and machine gambling shouldn't be a significant part of the equation once they decide it is okay to have a team in that area.
    Eff LBD!

  27. #87
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    Quote Originally Posted by West View Post
    Great stuff, looking forward to "free" tickets when booking at the Big Hotels.
    Several teams will sell a ton of tickets there - probably for as long as it exists. The Packers certainly will as the UW holds several of the top attendance dates for UNLV football and with games only coming once every so often at Vegas, I can only imagine how many Packers fans will be there. I've been to several Badger games at Vegas and don't see this as being anything different. I'd guess most teams that don't play in the division (meaning it isn't annual) will make their teams' games a good excuse to visit Vegas and tie one on.

  28. #88
    Outsider West's Avatar
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    Yes, I always thought that a Vegas move for any team was a brilliant strategy. I used to get Casino letters offering me free Hotel stay and up to $500 in chips, granted this was when I was a top earner a while back, still don't know how they got my tax information.

  29. #89
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    Quote Originally Posted by West View Post
    Yes, I always thought that a Vegas move for any team was a brilliant strategy. I used to get Casino letters offering me free Hotel stay and up to $500 in chips, granted this was when I was a top earner a while back, still don't know how they got my tax information.
    Agreed. I'd expect there to be quite a few of the free ticket offers for conference games after a couple of seasons. They'll keep it filled.

  30. #90
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    2015:
    A fantasy football-themed event in Las Vegas headlined by Tony Romo was called off after the NFL reiterated a policy banning appearances associated with casinos.
    A league spokesman said Saturday the NFL "reminded the players association" of the policy with the National Fantasy Football Convention event scheduled for next month.
    “Players and NFL personnel may not participate in promotional activities or other appearances at or in connection with events that are held at or sponsored by casinos,” an NFL spokesman told FOX Sports.

    Same year, Fantasy Sports Combine - Brownstein said all he had to do was replace the five active players he had lined up — Von Miller, Miles Austin, Michael Floyd, DeAngelo Williams and receiver Brandon Marshall — with recently retired football players.

    2017:
    The N.F.L. gave its approval on Monday for the Oakland Raiders to move to Las Vegas, casting aside decades of fears that putting a team in the gambling capital would corrupt the sport, while sending the team to a new and growing market but one that is far smaller.
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