Back to the Las Vegas Raiders Newsfeed

Sources: Financial giant Goldman Sachs backs out of Raiders' stadium deal

Investment bank Goldman Sachs has pulled out of the Raiders' proposed bid to move to Las Vegas, sources told ESPN's Ramona Shelburne, putting the team's move to Las Vegas in jeopardy.

The news comes a day after billionaire casino mogul Sheldon Adelson angrily withdrew from the Raiders' stadium deal. Adelson had previously committed $650 million to get the $1.9 billion project completed but announced the removal of his stake in a statement Monday.

Adelson, the CEO of Las Vegas Sands Corp., declared that he had been shut out of talks that led to the lease document presented to the Clark County Stadium Authority.