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Old 02-14-2017, 05:36 PM
 
452 posts, read 336,952 times
Reputation: 339

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Quote:
Originally Posted by BBMW View Post
So a giant FU to the chargers and the charger fans in SD
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Old 02-14-2017, 05:42 PM
 
727 posts, read 1,057,566 times
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Quote:
Originally Posted by BBMW View Post
If this happens far more likely it would be the Chargers staying in San Diego.
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Old 02-15-2017, 03:43 AM
 
Location: Aliante
3,475 posts, read 3,280,975 times
Reputation: 2968
Quote:
Originally Posted by LasVegasPlayer View Post
The article is just another example of people writing about the topic without knowing anything about it. If an NFL team does not have NFL approval plus their share of the money and a lease with the Stadium Authority by about January 20, 2018, the funding moves to UNLV for its chance for a stadium. There is a six-month potential extension that may be granted if the team is negotiating a lease and has the other two requirements fulfilled.

It seems like an easy conclusion to draw that if the NFL owners do not approve the move at next month's meeting, the Raiders will never move here.
The only point about the prior article that rings a bell is the NFL wouldn't just let a 750 M opportunity die on the vine.

Quote:
Originally Posted by newopty View Post
If this happens far more likely it would be the Chargers staying in San Diego.
It seems like a Raiders fall back offer if the Las Vegas deal collapsed. Not before then so it's more for show to fluff the package here.
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Old 02-21-2017, 01:33 PM
 
Location: Las Vegas, NV
621 posts, read 538,774 times
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I've seen multiple sources that are claiming the Raiders have 2 banks set to front the vacated Adelson portion of the stadium plan. It may actually make the league owners more likely to ok the move with no casino interests entangled in the plan.
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Old 02-21-2017, 09:20 PM
 
529 posts, read 512,718 times
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Quote:
Originally Posted by Grumpypotpie View Post
I've seen multiple sources that are claiming the Raiders have 2 banks set to front the vacated Adelson portion of the stadium plan. It may actually make the league owners more likely to ok the move with no casino interests entangled in the plan.
Sisolak says this but I'd like to hear a concrete plan before believing it. He hasn't exactly been forthcoming. Neither have the Raiders.
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Old 03-06-2017, 05:50 PM
 
Location: Las Vegas, NV
901 posts, read 1,899,806 times
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"The Oakland Raiders informed the NFL's finance and stadium committees today it had received a commitment from Bank of America to finance the $1.9 billion, 65,000-seat domed stadium in Las Vegas, sources told ESPN."

Raiders find new financing for Las Vegas stadium
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Old 03-06-2017, 08:45 PM
 
Location: Las Vegas, NV
621 posts, read 538,774 times
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Quote:
Originally Posted by Trash Can View Post
"The Oakland Raiders informed the NFL's finance and stadium committees today it had received a commitment from Bank of America to finance the $1.9 billion, 65,000-seat domed stadium in Las Vegas, sources told ESPN."

Raiders find new financing for Las Vegas stadium
We will know by the end of the month it appears whether or not we will be getting the Raiders.
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Old 03-07-2017, 04:45 PM
 
529 posts, read 512,718 times
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Quote:
Originally Posted by Trash Can View Post
"The Oakland Raiders informed the NFL's finance and stadium committees today it had received a commitment from Bank of America to finance the $1.9 billion, 65,000-seat domed stadium in Las Vegas, sources told ESPN."

Raiders find new financing for Las Vegas stadium
Interesting that BoA won't comment on this. It seems quite important. Maybe they will at the meeting tomorrow. If it doesn't come out at that meeting through a BoA statement I think we can dismiss the legitimacy of the claim.

There are some other questions not yet answered. This is reportedly a loan not involving equity. The Raiders generate about $40 million in net income a year. That $650 million will cost about $1.2 billion over 30 years. That's $40 million a year in repayments on this one loan before considering the $300+ million they already service. What on earth are they using for collateral? NFL rules don't permit it to be the team. The stadium will technically be a public entity.

Nobody has ever mentioned the NFL relocation fee. That's $500 million over 10 years. There is also the $200 million loan from the NFL which also must be repaid within 10 years. Even if interest free, that's $70 million a year, nearly double what the team generates now in net income.

The Raiders are worth somewhere around $2 billion. The team's debt would be more than that when including interest and its income can only service about 1/4 that amount. Moving to Las Vegas won't change its revenue stream drastically, if at all. Gate receipts are only 15% of its current gross revenues.

Most of the money comes from media deals. The TV deal stays the same no matter where the Raiders play. The radio deals will at best stay the same but has far more downside.

Where is all this money coming from? I'm sure the NFL owners are asking the same thing.

Last edited by LasVegasPlayer; 03-07-2017 at 05:02 PM..
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Old 03-07-2017, 09:24 PM
 
452 posts, read 336,952 times
Reputation: 339
Next stadium authority meeting will be broadcast live could possibly hear some big news there. Things are trending back up for the Raiders to Vegas big time
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Old 03-07-2017, 10:44 PM
 
6,385 posts, read 11,893,069 times
Reputation: 6880
Quote:
Originally Posted by LasVegasPlayer View Post
Interesting that BoA won't comment on this. It seems quite important. Maybe they will at the meeting tomorrow. If it doesn't come out at that meeting through a BoA statement I think we can dismiss the legitimacy of the claim.

There are some other questions not yet answered. This is reportedly a loan not involving equity. The Raiders generate about $40 million in net income a year. That $650 million will cost about $1.2 billion over 30 years. That's $40 million a year in repayments on this one loan before considering the $300+ million they already service. What on earth are they using for collateral? NFL rules don't permit it to be the team. The stadium will technically be a public entity.

Nobody has ever mentioned the NFL relocation fee. That's $500 million over 10 years. There is also the $200 million loan from the NFL which also must be repaid within 10 years. Even if interest free, that's $70 million a year, nearly double what the team generates now in net income.

The Raiders are worth somewhere around $2 billion. The team's debt would be more than that when including interest and its income can only service about 1/4 that amount. Moving to Las Vegas won't change its revenue stream drastically, if at all. Gate receipts are only 15% of its current gross revenues.

Most of the money comes from media deals. The TV deal stays the same no matter where the Raiders play. The radio deals will at best stay the same but has far more downside.

Where is all this money coming from? I'm sure the NFL owners are asking the same thing.
When suckers are offering you $750 million in free money, you don't ask such questions. You just smile and say thanks and take it.
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