The Oakland Raiders are ready to pack their bags for Las Vegas, but one private investment firm is hoping to convince the storied franchise to stay placed in Ca.
Mark Davis desires to move his Oakland Raiders to Las Vegas, but investors in the Bay Area are hoping he reconsiders.
Fortress Investment Group, a publicly traded investment management firm based in ny City, is working together with former NFL celebrity and Hall of Fame user Ronnie Lott to preserve the Raiders in the Bay Area. This week, the organization resubmitted plans up to a build a brand new stadium that is 55,000-seat keep owner Mark Davis in town.
The proposition is rumored to price $1.3 billion, and you will be funded through Fortress putting up $600 million, the NFL and Raiders investing $500 million, and the populous City of Oakland funding $200 million. The football that is pro confirmed to media outlets that it had received the submission.
The group that is same presented a similar proposal, but the NFL rejected it on grounds that more information ended up being required.
Vegas Calls Bluff
The local government largely seems to support the Oakland Raiders coming to the Mojave Desert while there are plenty of Las Vegas locals who are less than enthused about the possibility of an NFL team calling the town home.
Nevada has committed $750 million to building a 65,000-seat stadium that is domed steps through the Strip. The money shall come with raising