The Oakland Raiders quest to move to Las Vegas that recently looked like it was falling apart at the seams got hit with a defibrillator on Monday. A new injection of cash might be enough to make the relocation happen.
According to Vincent Bonsignore of the Los Angeles Daily News, the Raiders have secured funding from Bank of America to make up for the estimated $650 million that casino mogul Sheldon Adelson pulled off the table in January.
The Raiders made a presentation to the National Football League laying out the financing plan that is believed to include $500 million from the NFL and the franchise, $750 million in public funds and the new $650 million from B of A to construct a $1.9 billion facility close to the Las Vegas strip.
Interestingly it was reported over the weekend that Dallas Cowboys owner Jerry Jones was attempting to find new investors for the Raiders to facilitate the move. Bank of America has an exclusive bank sponsorship agreement with the Cowboys.
NFL owners could vote on the relocation proposal at the annual league meetings, this year held in Arizona from March 26-29. San Diego football fans will be keeping an eye on that because the Raiders and NFL have had discussions with the City of San Diego, including Mayor Kevin Faulconer, about the possibility of Raiders owner Mark Davis moving the team to San Diego if the Las Vegas deal falls through.
It is believed the Raiders offer the best chance for the NFL to return to San Diego in the foreseeable future since the league is likely not going to expand any time soon.
