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Report: Raiders secure Vegas stadium financing from Bank of America

The Oakland Raiders have found a financial partner to back their new proposed stadium in Las Vegas.

According to the Daily News, Bank of America has been secured to help complete financing on a $1.9 billion, 65,000-seat stadium that would be located on the Las Vegas Strip.

The state of Nevada has committed $750 million to the project, with the team and the league paying the remaining cost contingent on the owners approval. The Raiders are eligible for relocation, but 24 of the 32 NFL owners must approve any move. The league's owners are set to meet in Phoenix later this month.