In recently weeks, it has appeared Las Vegas Sands Co CEO Sheldon Adelson was waffling on his part of the Raiders’ stadium proposal. His part is significant too. In the proposal, he was posting up as much as $650 million toward the construction of the $1.9 billion stadium. Now, he is out.
"It's clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family," Sheldon Adelson said in the statement. "So, regrettably, we will no longer be involved in any facet of the stadium discussion."
"The Raiders deeply appreciate the efforts of the Adelson family to bring the Raiders to Las Vegas," The Raiders said in a statement.