Raiders Moves To Las Vegas
March 29, 2017
Filed under Sports
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The NFL owners have approved the move to Las Vegas. There will soon be no more Oakland Raiders. The team will stay in Oakland for two more years then the Raiders will be on the move for the second time in the franchise history after moving from Oakland to Los Angeles in 1982, before returning to Oakland in 1995.
Bank of America informed the franchise they would contribute $650 Million to help finance the stadium. The state of Nevada will contribute $750 Million. While the Raiders and the NFL will pour in another $500 Million into the project.
The Raiders could not work out a deal to build a new stadium in Oakland. Although, a last effort by Fortress Investment Group to invest $600 Million in a new stadium for the Raiders in Oakland, the plan was not considered a viable one.
Owner, Mark Davis, stated that the team will play the next two seasons in the Oakland-Alameda County Coliseum. Roger Goodell said relocation provided the Raiders and the league with more long-term security.
The move marks the third that has been approved by the NFL’s owners since the start of 2016 following the Chargers and Rams.
Credit: Bleacher Report