Lott Group responds to Raiders developments

Posted by Mike Florio on January 31, 2017, 1:21 PM EST
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With Sands casino owner Sheldon Adelson out of the Las Vegas stadium project, the effort to build a stadium in Oakland arguably has gotten a boost.

And Ronnie Lott and company appear to be ready to seize on it.

“We stand ready to work with the team and NFL to keep the Raiders here at home,” the Lott Group said in a statement. “We have the land available at the existing Coliseum site following the actions of the City of Oakland and Alameda County last December.  We have a strong financing partner in Fortress Investment Group. We have an additional $100 million due to the NFL incentive to keep the Raiders in Oakland. And of course, we have the best fans in the world right here in the heart of Raider Nation. Add to all that a diverse and fast growing community, a top 10 television market, and more Fortune 500 companies than any region in the western United States. Bottom line, if the Raiders want to stay in Oakland, we are more than ready to be a partner in making that happen.”

The proposal made by the Lott Group and supported by the City of Oakland has been regarded as political cover. If the Raiders ultimately run into a brick wall in Las Vegas, maybe the proposal becomes something other than that.

The Raiders have Goldman Sachs in position to replace Adelson as a partner in Las Vegas for funding purposes. However, the team also needs someone who will be able to build and operate a stadium.

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44 responses to “Lott Group responds to Raiders developments”

  1. Makes most sense for Raiders to stay in Oakland. The Oakland site is by far the best location for access. Monorail to the airport, Bart train, Amtrak train, freeway on ramps, off ramps, etc……with that said MGM Resorts with 15 or so properties on the Las Vegas Strip such as Mandalay Bay, MGM Grand, City Center, Bellagio, Mirage, Treasure Island, Luxor, Excalibur, New York New York, Monte Carlo, and so on, and so on, could easily get involved.

  3. And he’s absolutely right. There are certainly enough resources in the Oakland area to build a stadium without a dime of tax money (other than the normal infrastructure costs that come with every major contruction project.)

  7. While that statement sounds fine and dandy, one must ask “what’s in it for them?”. Every single investor to attach themselves to a new stadium for the Raiders wants the same thing: A piece of the team.

    I am really glad that Sheldon Adleson will not be a part of anything Raiders.

  9. radrntn says:
    Jan 31, 2017 1:28 PM
    Makes most sense for Raiders to stay in Oakland. The Oakland site is by far the best location for access. Monorail to the airport, Bart train, Amtrak train, freeway on ramps, off ramps, etc……
    ==============
    and the tarp is already in place – maybe they can use that in the new oakland stadium too!

  10. I have as much experience building and operating a football stadium as John Lynch does running an NFL franchise, so I would like to throw my hat into the ring for consideration for the job of Las Vegas Raiders Stadium… ummmm… Builder/Operator Guy.

  11. with that said MGM Resorts with 15 or so properties on the Las Vegas Strip such as Mandalay Bay, MGM Grand, City Center, Bellagio, Mirage, Treasure Island, Luxor, Excalibur, New York New York, Monte Carlo, and so on, and so on, could easily get involved.

    _____________________________

    MGM International is pretty heavily leveraged. I don’t think they have the juice to be a player in this whole thing.

  12. It’s like he lifted his entire comment from Libby Schaff’s statement when Davis applied for relocation.

    Ronnie still doesn’t get it. The Raiders, nor the NFL want a third party! Does he not realize that!? Does he really these statements ne will keep the Raiders here?!

    Maybe he should start tweeting out his own delusional reality each morning.
    #trump

  13. Why would needing someone to build and operate the stadium be an issue? Kraft didn’t seem to have a problem building Gillette nor does he seem to have any problems running it.

    Hire the right contractor to build and hire a good experienced venue operator to run it. There are plenty already in Vegas and between AEG and Spectra they could easily outsource.

  14. “And of course, we have the best fans in the world right here in the heart of Raider Nation.”

    _____________________________________

    All 30,000 that show up for the games.

  18. all of this “adelson is out, raiders to vegas is dead” talk is BS.

    his role can easily be replaced. he may become an anti-“raiders to vegas” pain in the butt, but that can be managed and ultimately overcome

  19. Goldman Freaking Sachs. You don’t think they know someone? They have thier hands in everything. They help the fed print money. They have money in EveryThing. Everything!

  25. Maybe Kroenke is down with having another roommate at the new Los Angeles stadium? I can just see the double-headers now… Come for the Chargers games, stay for the Raiders! And twice a year they play each other anyway, so makes a lot of sense!

  26. Mexico City should really be looked at for the Raiders, they have tons of fans their and they could sell out more than 30,000 seats easily and double the attendance they have in Oak now.

  29. Can’t fault anyone for wanting to leave the socialist state of California.

    __________________________________

    Yeah bud it’s 70 degrees out right now with the beach outside my window and beautiful girls walking around in shorts….I can’t wait to get out of here.

  30. Any team that gets in bed with Goldman Sachs has to be corrupt.

    When the Raiders leave Vegas because they can’t fill the stadium or whatever, Goldman will somehow walk away with $10 billion in their pockets and the Raiders will be lucky to play at the local park 100 miles from the nearest major city.

  31. Vegas didnt fall apart. These groups want a piece of the Raiders and Davis doesnt want to give them a piece of the team.

    IM with Davis…his team his call.

  35. kuehner131

    sold out the last 5 seasons at 55k–with 15 k seat waiting list—dont let facts get in the way with your fantasy dip.

    As for the 8 k tarped off, ask Mark, it is his call.

  36. raider75blog … How completely uninformed are you that you don’t what “third party” means in this instance?

    Adelson backed out of the deal because Davis would not give him a ownership stake in the Raiders. (AKA, the “third party.” Party 1: Mark Davis. Party 2. The NFL)
    Uh, that means Adelson was never going to be a third party. And if you read a little you’ll learn that the Goldman Sachs deal will never work if they also ask for part ownership.

    That’s why I’m wondering what Lott is thinking, because his deal requires a…… third party, and that is never going to happen.

    So to answer your question: Adelson was and Goldman Each is, possible financiers. –

    Too funny.

  37. Raiders couldn’t get crowds in Oakland, then after NWA disbanded they couldn’t get a crowed in LA. Raider Nation is a joke. The tarp covered 10k seats to avoid blackouts. Even this last year with all their success. It is sad that with all the Raider nation hype they only had their first ever sellout for season tickets this year. That is in their history. Of course that was in a stadium that Rivals the size of Beaver Stadium in Oregon. LOL

  38. Why would Goldman Sachs finance this? What do they get out it?

    My prediction: Davis won’t even ask for the NFL relocation vote if/when GS pulls out of the deal.
    Then Davis will eventually take $100 mil from the NFL to stay and play in Santa Clara, which the 49ers will agree to because the NFL will pay them a $200 mil subsidy to let the Raiders play there.
    Davis has got to be at least smart enough to realize that not rushing into a risky deal would be wise.

    Wow. The Las Vegas deal sure went from “a sure thing” to “doubtful” in a hurry didn’t it?

  39. It seems as if Mr. Davis didn’t understand that there had to be an exchange as part of the deal. Like they were giving him money because they’re cool like that.
    There will be terms on this exchange of money. If there’s not an equity interest in the team, there will be insane principal payments on the loan. Which he doesn’t qualify for anyway.
    Who would loan him $650m?

  40. The Raiders are still moving to Las Vegas. Davis will just get somebody else to replace Adelson. He has the backing of all the major casinos. The economic opportunity in southern Nevada is too good to pass up.

  41. chris6523 says:
    Jan 31, 2017 1:59 PM
    with that said MGM Resorts with 15 or so properties on the Las Vegas Strip such as Mandalay Bay, MGM Grand, City Center, Bellagio, Mirage, Treasure Island, Luxor, Excalibur, New York New York, Monte Carlo, and so on, and so on, could easily get involved.

    _____________________________

    MGM International is pretty heavily leveraged. I don’t think they have the juice to be a player in this whole thing.
    – – – – – — – – – – – – – – – — – – — – –
    MGM Stock was trading in the low teens a few years back, and now it is around $30 bucks a share, they have reduced their debt ratio from 8% to 5% the past 5 years, and have excellent EBITDA projections. The only concern is their recent JV with AEG on the T-mobile arena they just built…That could be a conflict of interest…if so plenty of other players in Las Vegas… Could still go to Ceasars Group, the Fertitta brothers, Carl Ichan, Steve Wynn, Boyd Gaming, just to name a few

  42. And Goldman Sachs just announced that they have pulled out of the deal, that was quicker then the good old fashion pull out method. Time to beg Oakland.

  43. mdintino1420 says:
    Jan 31, 2017 8:50 PM
    The Raiders are still moving to Las Vegas. Davis will just get somebody else to replace Adelson.
    ——————————————–
    Really? Who? Name someone. Who will want to fit the bill for $650 mil without getting part ownership in the team? Name just one person or corporation who wants to take that risk and get little in return.

  44. I hope this deal works to keep them in Oakland. Goldman Sachs just pulled out too, which is good. I don’t want Trumps cronies in bed with my Raiders.

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