Adelson no longer involved in Raiders’ Las Vegas stadium plan

Casino mogul Sheldon Adelson has pulled out of a plan to build a $1.9 billion domed stadium for the NFL’s Oakland Raiders to move to Las Vegas.

In a statement released Monday, Adelson, CEO of Sands Corp., declared that he had been excluded from talks before the team sent a lease proposal last week to the public board that will own the 65,000-seat stadium.

Adelson said his family and Las Vegas Sands “will no longer be involved in any facet” of the plan.



The Raiders released a statement shortly after Adelson’s announcement:

“The Raiders deeply appreciate the efforts of the Adelson family to bring the Raiders to Las Vegas. We know this project could not have advanced to this point without them. The Raiders remain steadfast in honoring (team owner) Mark Davis’ commitment to Governor (Brian) Sandoval and the State of Nevada to pursue relocation to Las Vegas.”

Here is Adelson’s full statement:

The Oakland Raiders came before the Las Vegas Stadium Authority last week with a proposed lease agreement that has sent shockwaves through our community.

It was certainly shocking to the Adelson family. We were not only excluded from the proposed agreement; we weren’t even aware of its existence.

In addition to being discouraged by the surprise submission, I was deeply disappointed for the

Article source: http://www.nfl.com/news/story/0ap3000000781086/article/adelson-no-longer-involved-in-raiders-las-vegas-stadium-plan

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