[Dport7674]

It's become a mess. No way Davis gets the votes needed.

Doesn't mean it won't happen in a year or three. But he'll need the funding/partners to be sewn up, stitched up and ironclad.

It helps that owning a piece of a team is every billionaires wet dream. It also helps that sports team ownership has proven to be a pretty decent investment. Look at what's happened with the FL Marlins valuation since they last changed hands. Unreal.

[LasVegasPlayer]

Originally Posted by Dport7674

It's become a mess. No way Davis gets the votes needed.

Doesn't mean it won't happen in a year or three. But he'll need the funding/partners to be sewn up, stitched up and ironclad.

It helps that owning a piece of a team is every billionaires wet dream. It also helps that sports team ownership has proven to be a pretty decent investment. Look at what's happened with the FL Marlins valuation since they last changed hands. Unreal.

It must happen this year or the funding law expires. The Thursday meeting should present evidence of this alleged loan. The owners may vote later this month but it is still dependent on the loan closing and the Legislature not repealing the funding.

[phoenixmike11]

http://www.fieldofschemes.com/2017/0...etheart-lease/

[LasVegasPlayer]

Originally Posted by phoenixmike11

Davis finds bank to lend him Vegas stadium cash, still needs okay for Raiders’ sweetheart lease | Field of Schemes

It's been a while since I read the funding bill but I'm quite certain the Legislature doesn't have to approve the lease. That's the Stadium Authority's duty if I'm remembering correctly. I'd love to be wrong there. The SA chairman was the guy that gave Adelson and the Raiders everything they wanted on the recommendation so I wouldn't expect any help there.

[Grumpypotpie]

Originally Posted by Dport7674

It's become a mess. No way Davis gets the votes needed.

Doesn't mean it won't happen in a year or three. But he'll need the funding/partners to be sewn up, stitched up and ironclad.

It helps that owning a piece of a team is every billionaires wet dream. It also helps that sports team ownership has proven to be a pretty decent investment. Look at what's happened with the FL Marlins valuation since they last changed hands. Unreal.

There is no way he NFL lets $750 million walk off into the desert unless Davis is flat out lying about having the loan financed.

[robr2]

Originally Posted by Grumpypotpie

There is no way he NFL lets $750 million walk off into the desert unless Davis is flat out lying about having the loan financed.

But I'm sure they have concerns about a bank having to foreclose on a team if they can't repay the loan. Or maybe that's exactly what they'd like - to have an someone step in a few years with strong financials instead of Davis who drives a 15 year old conversion van and goes to a $14 little boy barbershop.

[LasVegasPlayer]

Originally Posted by robr2

But I'm sure they have concerns about a bank having to foreclose on a team if they can't repay the loan. Or maybe that's exactly what they'd like - to have an someone step in a few years with strong financials instead of Davis who drives a 15 year old conversion van and goes to a $14 little boy barbershop.

Raiders can't use team equity for collateral. Maybe he can put up a revenue stream or be subject to lien but an NFL team cannot be foreclosed by a lender because its equity cannot be used to secure financing.

[robr2]

Originally Posted by LasVegasPlayer

Raiders can't use team equity for collateral. Maybe he can put up a revenue stream or be subject to lien but an NFL team cannot be foreclosed by a lender because its equity cannot be used to secure financing.

From what I read, the NFL allows up to $250 million of stadium and team value to be used as collateral.

[Merrily Gather]

So what came out of the meeting yesterday? Anything?

[LasVegasPlayer]

Originally Posted by Merry Lee Gather

So what came out of the meeting yesterday? Anything?

It was a total waste of time. The Raiders didn't show up except their lawyer. There wasn't anyone from BoA there either. They didn't get anywhere on the lease.