The Oakland Raiders have been working with Sheldon Adelson and Goldman Sachs to secure funding for a new football stadium in Las Vegas, but it all appears to be crumbling down. Adelson was going to contribute $650 million, to go along with $750 million from Las Vegas, and $500 million from the Raiders. On Monday, Adelson issued a statement declaring that he is no longer involved in the stadium discussion.
This is turning ugly for the Raiders. There has been some thought that the Raiders would have Goldman Sachs to replace Adelman in the deal. Now, there are numerous reports that Goldman Sachs is only in the deal if Adelman is in the deal.