Raiders News: Casino Mogul Sheldon Adelson Pulls Out Of Vegas Deal

Some breaking news struck the Oakland Raiders on Monday night, as it appears one of the key components of the Raiders relocation to Las Vegas, Nevada has pulled out of the deal. While many outlets broke the story regarding Mark Davis filing papers for relocation, it seemed all but a sure thing.

However, with the situation reaching this point, it appears something has pulled one of the main investors, Sheldon Adelson, out of the deal. The casino mogul was thought to be a key person in the negotiations for the Raiders, as he had the power to fund the relocation and the billion-dollar stadium.

The organization released a statement regarding the breaking news, giving gratitude to what Adelson has done and his importance in the relocation, via Vic Tafur of the San Francisco Chronicle:

It remains to be scene who will take over as the main source of income in the relocation process, but the Raiders must surely be pressing for something this instant.

The franchise originally had until February 15th to make a deal, so that date may be of significance moving forward. With the paper work already filed, it also provides a different situation, via Ian Rapoport of NFL Network:

The ongoing discussions continue between Oakland and the Raiders in all of this, as they have reportedly gone through different negotiations for a new stadium.

The fan base certainly has a right to be mad, as their posters and voices told a story that involved the Raiders remaining in Oakland. ESPN’s Mike Greenberg recently deemed the Oakland Raiders the greatest team name and logo in all of sports.