Raiders Update Thread
- Thread starter mvvsmith
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Mayor Goodman was on 1150 last night talking about how she's had several interested investors calling to take the place of SA/GS. A couple of which she felt were very serious interests with the right type of money. Although she was pushing the stadium being built at Cashman and how it would save investors $250 million + if they did. <shrug>
The Goodman's have charisma for the office so I've been happy that I've called them both Mayor for however many years it's been. That being said, I don't think either's strength has been in dealing with sports franchises and/or stadium deals.
Read the post Timothy C3 put up under the CB thread. It involves the idea of AEG getting involved, that would be a great Org. to partner with, just ask MGM. Machiavelli comes to mind in all this.
Please dear god don't build it at Cashman! That is the last place it should be built.
I couldn't agree more. Sure you could save some initial money in the build but what a horrible location.
$750 mil public and $500 mil Raiders would cover the cost, or come close to it, of US Bank Stadium. I still say that finding an acceptable partner should be a piece of cake. Rich guys are falling all over themselves to get into Club NFL.
Not dead at all!
http://www.reviewjournal.com/atlant...location-process-still-trackocess-still-track
Remember this is an owner who quoted Dec. as saying a franchise in Las Vegas could be a disaster. A little more positive now and a vote for MD I didn't really expect.
http://www.reviewjournal.com/atlant...location-process-still-trackocess-still-track
Remember this is an owner who quoted Dec. as saying a franchise in Las Vegas could be a disaster. A little more positive now and a vote for MD I didn't really expect.
Nobody seems to be worried at all about financing. " Everything will be in place for the March meeting"
The Raiders would rather stay in Oakland with the field covered in backed up sewage than move to Cashman Field.
From what I've been reading the Board and Davis will have a lease deal in place for the NFL meetings during the first week in March(not the owner's meeting which is later that month). During the rest of Feb.and those meetings, the Raiders will be vetting the new prospects on the financing side. It then all has to get put together in a proposal for the owner's meeting, to be discussed and voted on. I have never seen the process for relocation and building a new stadium move so fast. Knowing Las Vegas this will get done and the stadium built in record time.
A lot of different groups want to put money in this venture. Local, National and International. Only one will be chosen. I would love to see AEG involved, if they were one of the interested parties.
Not gonna be a lot of press out there for the next couple of weeks. That's a good thing in my estimation. Investors to vett, lease deal to be hammered out, then we'll see it as a complete package ready for a vote. Or not. I'm ready for a Las Vegas Raiders hoody though!
Me too. Even though I'm a Bears fan (feelsbadman), I would have to get behind our local team, and would consider season tickets also.
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"The Raiders quest to relocate to Las Vegas hit a snag recently when grumpy old man Sheldon Adelson decided the financing plan was not to his liking..."
Think this can be part of (other than the obvious greed issues between every party involved) the reason for rethinking the deal?
http://www.cnn.com/2017/02/22/politics/mike-pence-sheldon-adelson-meeting/index.html
http://www.cnn.com/2017/02/22/politics/mike-pence-sheldon-adelson-meeting/index.html
If Adelson stayed with the deal he would have been a fool. Nobody who wants to stay rich would see any value in investing +$600 million (could go a good bit higher if the stadium cost increase) in a project where they would be lucky to get a return of a couple of percent on their investment. If I was going to invest in a risky project like a stadium where the cost of construction could increase the required investment, I would want at least a 10% return on my money otherwise I would take my money somewhere else, which he has done. I would love to know where anyone thinks that there will be a return of +$5 million per month from a stadium when the investor will not receive a penny from the two main tenants in rent (UNLV and the Raiders)?
Someone please tell me where this huge windfall of money will come from? Who is going to pay a couple of million to hold a single event ever week at this stadium when the two football teams are not using the facility? How much do you think the stadium will get for naming rights, etc. and how is that going to be split? While Las Vegas is a different city, and has a much better chance to bring in events, show me a single stadium in the world that would have a return on investment that would be worth investing in for a fair return on their investment.
I do not see greed in anyone that would invest in a stadium, I see it as stupidity. When you talk about greed, how much are you willing to invest? If a bank or other similar institution does invest, they will require a guaranteed return on investment to put down one penny towards the construction, and will refuse to cover one penny beyond that amount of the agreed upon loan/investment.
Someone please tell me where this huge windfall of money will come from? Who is going to pay a couple of million to hold a single event ever week at this stadium when the two football teams are not using the facility? How much do you think the stadium will get for naming rights, etc. and how is that going to be split? While Las Vegas is a different city, and has a much better chance to bring in events, show me a single stadium in the world that would have a return on investment that would be worth investing in for a fair return on their investment.
I do not see greed in anyone that would invest in a stadium, I see it as stupidity. When you talk about greed, how much are you willing to invest? If a bank or other similar institution does invest, they will require a guaranteed return on investment to put down one penny towards the construction, and will refuse to cover one penny beyond that amount of the agreed upon loan/investment.
3-5% ROI is standard for a cash investment. I'd be suspicious of any double digit points being offered on my money.
3-5% with very low risk maybe, but with this type of risk no way. That is also 3-5% return on investment above the principle which is also returned. The standard return on municipal bonds during normal inflation is about 5% (which includes the return of the initial investment plus percentage above that) which is most likely considering this is a 30 year investment. Over 30 years you will need to get at least 4% on your initial investment plus a percentage above that. Anything below 10% would be a complete joke.
If you just took your money and put it into mutual funds, you could expect a return of 7-9% historically above your initial investment.
A good example is as follows:
Minimum Business Loan Rate:
Loan amount: $650,000,000
Interest Rate: 5%
Term: 30 years
Monthly Payments: $3,489,343
Normal Business Loan Rate:
Interest Rate: 6%
Term: 30 years
Monthly Payments: $3,8970,815
Basic Stock Market Return Rate
Interest Rate; 8%
Term: 30 years
Monthly Payments: $4,769,472,50
High Risk Investment
Interest Rate: 10%
Term: 30 years
Monthly Payments: $5,704,218
I have no clue how they can find anywhere near that type of money from events on the available weekends not being used by UNLV and the Raiders, and while also sharing any other income and not receiving any of the tax money.
You are not going to find anyone willing to throw away $650 million and only get back 3-5% with no return of the initial investment.
If you just took your money and put it into mutual funds, you could expect a return of 7-9% historically above your initial investment.
A good example is as follows:
Minimum Business Loan Rate:
Loan amount: $650,000,000
Interest Rate: 5%
Term: 30 years
Monthly Payments: $3,489,343
Normal Business Loan Rate:
Interest Rate: 6%
Term: 30 years
Monthly Payments: $3,8970,815
Basic Stock Market Return Rate
Interest Rate; 8%
Term: 30 years
Monthly Payments: $4,769,472,50
High Risk Investment
Interest Rate: 10%
Term: 30 years
Monthly Payments: $5,704,218
I have no clue how they can find anywhere near that type of money from events on the available weekends not being used by UNLV and the Raiders, and while also sharing any other income and not receiving any of the tax money.
You are not going to find anyone willing to throw away $650 million and only get back 3-5% with no return of the initial investment.
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This was supposed to be a legacy investment. Also known as a vanity investment. Enlighten us all, please, on the typical ROI on vanity investments?
When you want to 'do something nice for the community' then bail because the margins might cut into your already enormous wealth, that is a dick move.
When you want to 'do something nice for the community' then bail because the margins might cut into your already enormous wealth, that is a dick move.
Never thought SA would "do something nice" for the LV community to maybe burnish his legacy as something more than just a miserly curmudgeon. Obviously, other communities are more attractive for him in that respect. If his involvement, in the end, has helped us get a new stadium, Raiders or not, then a tip of the cap.
This was supposed to be a Legacy investment? When and were did you ever see any article or news story that said SA was making a legacy investment, or are you making decisions for other peoples money? Show me any vanity investment anywhere in the US of this type of cash to a public, or even private stadium or athletic program.
By the way, the largest donor to any public or private stadium or athletic department that I know of his Phil Knight (a graduate of Oregon), and he donated approximately $330 million over 20 years to Oregon, which is a far cry from $650 million plus.
Find me anyone in the country that is going to provide over $650 million to a public stadium without a reasonable return on their money. Are you willing to go and give the stadium 10-20k or more as your legacy? Enlighten me please!
By the way, the largest donor to any public or private stadium or athletic department that I know of his Phil Knight (a graduate of Oregon), and he donated approximately $330 million over 20 years to Oregon, which is a far cry from $650 million plus.
Find me anyone in the country that is going to provide over $650 million to a public stadium without a reasonable return on their money. Are you willing to go and give the stadium 10-20k or more as your legacy? Enlighten me please!
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T. Boone pickens gave Oklahoma State $165 million with no strings attached plus had other donors, as a group, match his $165 million. Considering the fact that T. Boone is worth about a 40th of what SA is worth and that was done all the way back in 2006....that should enlighten you a little bit.
Nevertheless, this was more like a hybrid of a legacy investment because SA did want a small rate of return rather than nothing at all like T.Boone.
This also begs the question of > "What was SA's expected rate of return on the Billions in dollars he donated to certain candidates in the not so distant past?"
In sum, SA has given Billions to causes without a rate of return condition, at least not one that is going on to accounting books. This stadium contribution is minor in comparison.
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Boom? Where in the hell did it say that he was making a donation or an investment at no or low cost? All I read from you was one tweet that said it would ad to his legacy, that is a far cry from a low cost investment or donation or from Adelson saying he was providing a donation or low cost investment.
"Source indicated Adelson has changed his position on #Raiders if there is no deal with Sands. Adelson now believes move would aid his legacy" It reads more like he made a comment after the fact, that since he had put so much time and money into the project, that puts him in a better light since he is no longer involved.
The tweet isn't even first hand knowledge because it said "source indicated", and nowhere said he was ever looking at providing a discount or donation for the stadium. He backed out because the deal did not make financial sense for him not because of any other reason. If that is all you are hanging your hat on, that is not a very solid source. Where is an actual quote from Adelson or anyone else that said he was making a legacy investment? Legacy project and a legacy donation/low cost loan are a far cry from each other. I have numerous legacy projects I have done in Las Vegas, including: T&M, numerous hotel casinos, corporate headquarters, football stadiums, highways, etc. I never discounted my design cost just because they are legacy projects. Also, you make your source one tweet from an online reporter out of Florida?
The Boom is more like a fizzle!
"Source indicated Adelson has changed his position on #Raiders if there is no deal with Sands. Adelson now believes move would aid his legacy" It reads more like he made a comment after the fact, that since he had put so much time and money into the project, that puts him in a better light since he is no longer involved.
The tweet isn't even first hand knowledge because it said "source indicated", and nowhere said he was ever looking at providing a discount or donation for the stadium. He backed out because the deal did not make financial sense for him not because of any other reason. If that is all you are hanging your hat on, that is not a very solid source. Where is an actual quote from Adelson or anyone else that said he was making a legacy investment? Legacy project and a legacy donation/low cost loan are a far cry from each other. I have numerous legacy projects I have done in Las Vegas, including: T&M, numerous hotel casinos, corporate headquarters, football stadiums, highways, etc. I never discounted my design cost just because they are legacy projects. Also, you make your source one tweet from an online reporter out of Florida?
The Boom is more like a fizzle!
As I wrote before, it was a hybrid between a legacy and a minimal return. The article and now your reply just confirmed it again. So once again
Keep on thinking what you want. Those without cash are always trying to tell others how to spend theirs, you make a great liberal. You also would make a great CNN reporter with your fake news and one tweet that someone else told them as your backup.
So I provide hard data and facts, and you provide BOOM! That says it all.
So I provide hard data and facts, and you provide BOOM! That says it all.
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