Report: Investment Bank Backs Out of Raiders Stadium Deal in Las Vegas

One day after billionaire business mogul Sheldon Adelson pulled the plug on his financial backing of the proposed Raiders stadium in Las Vegas, Goldman Sachs - the next chief financial backer - followed suit.

A source familiar with the $1.9 billion stadium deal told NBC Bay Area that the investment bank is not committed to financially supporting the stadium deal unless future proceedings seat Adelson at the table.

The latest twist in the East Bay franchise's attempt to head to Las Vegas puts the proposed exodus up in the air.

The Raiders, who officially submitted relocation papers earlier this month, have committed $500 million to the stadium's construction. Las Vegas has chipped in $750 million via hotel tax revenue. Adelson had promised $650 million to fund the Las Vegas stadium, before abruptly ditching the deal Monday.


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