OAKLAND (KCBS) – A supply at Goldman Sachs informed KCBS Tuesday that the Wall Road funding big is not going to place up $650 million to assist Raiders proprietor Mark Davis depart Oakland and construct a brand new stadium in Las Vegas.
Davis has advised the NFL that he has backup financing from Goldman, simply in case on line casino mogul Sheldon Adelson backed out of his dedication to take a position $650 million within the stadium deal.
Adelson introduced he was backing out of the stadium deal on Monday. The supply stated Goldman Sachs agreed to lend the cash provided that Adelson was a companion.
Davis stated in a press release the workforce stays steadfast in its dedication to Nevada and to maneuver to Vegas. However now he should do it with out all that cash from Goldman, which means the staff has to pony up one other $650 million which it doesn’t have, or discover one other monetary companion.