With Sheldon Adelson As Goldman Sachs Client, Oakland Raiders Deal Is Toast
According to a source very close to the bond financing, because Las Vegas Sands is a Goldman Sachs client, and Sheldon Adelson is its CEO, and the Sands Organization is worth north of $50 billion, they don’t want to upset a steady client over the Raiders matter.
As for The Raiders and politics, the Oakland Raiders have burned the wrong bridges in Sin City and just by crossing Adelson. The Sands Founder and CEO hired 12 lobbyists to make deals with members of The Nevada Legislature. All of that went south because no one wants to piss off Sheldon Adelson.
Also the deal was designed for an NFL, not necessarily the Raiders, my source told me. That is also true for the developer and the investor. The problem is all of this was assembled by Adelson – even if his name is not on the legislation, his photo might as well be next to it.
Barring a miracle, the Oakland Raiders to Las Vegas dream is dead.