Sheldon Adelson (R) is reportedly involved in efforts to lure the Oakland Raiders to Las Vegas.
(photo credit: REUTERS)
Sheldon Adelson, one of the world’s wealthiest individuals, is reportedly planning to build a $1 billion domed stadium in his hometown of Las Vegas as part of an effort to entice the Oakland Raiders to relocate their American football franchise there.
According to ESPN, the Las Vegas Sands Corp., which is owned by Adelson, announced that it would back a project that would envisage a 65,000-seat complex on 42 acres of land that was recently bought by the University of Nevada-Las Vegas.
Adelson is reportedly planning to meet with the owner of the Raiders, Mark Davis, in Las Vegas on Friday.
Sheldon Adelson, one of the world’s wealthiest individuals, is reportedly planning to build a $1 billion domed stadium in his hometown of Las Vegas as part of an effort toThe fate of the Raiders, who have sought a new stadium in Oakland in lieu of the antiquated venue in which they have been playing, has been subject to speculation in recent weeks.
Earlier this month, the National Football League approved the St. Louis Rams' move to Los Angeles but only gave conditional approval for the San Diego Chargers to join them. But that won't happen unless the teams can cut a stadium-sharing deal.
The decision follows years of contentious talks between three cities and their teams: the Rams, the Chargers, and the Raiders. All three applied to be the first Los Angeles NFL team since 1995.
The Rams and Chargers - if they can come to terms - would both play at a stadium that could cost as much as $2 billion in Inglewood, a suburb southwest of Los Angeles.
Should the Rams-Chargers talks fail, the Raiders could then try to work out their own deal with Kroenke and the Rams.
Mark Fabiani, special counsel to the Chargers, said the team and its chief executive, Dean Spanos, were "working with the NFL and the Rams on a potential deal framework."
The League gave the Chargers and Rams until January 2017 to make a deal. Reuters contributed to this report.