Raiders secure Vegas stadium financing from Bank of America

Raiders owner Mark Davis hasn't shown any interest in Oakland's plan so far and still hopes to move the football team to Las Vegas if he can win approval from NFL owners. With $750 million in public funds already approved and Bank of America on board, it's now a foregone conclusion that the Raiders will be relocating from Northern California here in the not-so-distant future.

The recommendation would pave the way for a vote to be taken at the meeting, and if that happens, the Raiders would just need a "yes" vote from 24 of the NFL's 32 owners to secure their move to Las Vegas. Casino mogul Sheldon Adelson had agreed to contribute $650 million to the new stadium but changed his mind. The Raiders confidently assured the public that Goldman Sachs was planning on swooping in and replacing Adelson, but they too hightailed it away from the deal a day after Adelson.

This October, Las Vegas Golden Knights, an ice-hockey team, will become the first side from the city to participate in one of America's big four leagues. According to the Los Angeles Daily News, that fee could end up being as high as $300 million.

Financing has been the issue for the Raiders' search for a brand new stadium to host the team in the Las Vegas area. Owners waived that limit for the Chargers, allowing them to borrow a portion from a bank, which the league customarily does when a team is involved in a stadium construction project. Of special importance are the owner's finance committee, of which Kansas City Chiefs owner Clark Hunt is a part, and the stadium committee, which includes Art Rooney II, Stephen Jones and Dan Snyder among others.

With the National Hockey League gambling on success in Sin City, the NFL seems to now be all-in on putting a team in a city flushed with cash, which couldn't have come at a better time for the Raiders.

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