Oakland Raiders

Mark Davis says Raiders have $400 million to put toward a new stadium

Coliseum City Raiders

After all the talk about building a new stadium, Oakland Raiders owner Mark Davis is in a mood to get something done.

His plan to get the wrecking ball swinging? By doing some more talking. Davis told Ian Rapoport of NFL Network that the team had $400 million dollars to put toward a new stadium, but that it was not enough and they would need help from private or public investments. Davis also stated that a stadium deal in the City of Oakland was in the 11th hour before clarifying that the stadium issue is “always in the 11th hour” because the team has been waiting so long for a new home.

There is not a lot that can be taken from this other than Davis clearly appears frustrated by the lack of movement on the project. However, I am not sure talking to Rapoport is going to do much good. The Raiders recently passed an opportunity to try and move things further forward by signing a letter of interest with Oakland for the Coliseum City project. The Raiders said that they felt it had no real weight, so it was pointless.

The Raiders were right in that the letter of interest was somewhat of a faux deadline that does lead to immediate construction if signed, or squash all chances of Coliseum City getting built if ignored. But if no one is willing to set up actual deadlines, it will simply continue to be a verbal battle through public statements and City Council meetings. No matter what you believe the Raiders will end up doing as far as a new stadium goes, it appears nothing will happen at any location anytime soon.

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14 Comments on "Mark Davis says Raiders have $400 million to put toward a new stadium"

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Slam
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Slam

It’s fascinating to me that Los Angeles is thumbing their noses at the NFL . That gives Mark Davis zero leverage against Oakland.

Coliseum City will have to happen despite Oakland politicians, that’s the bottom line. Oakland needs to devote their energy to law enforcement and education. I don’t blame them for ignoring the sports teams billionaires. I know Mark Davis isn’t a billionaire, but he has resources to get something done today.

 Take a page from the Giants AT&T playbook. You want a stadium ?, then whip out your checkbook and build it.

RaidersReporter
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RaidersReporter

MikeAlexandre17 BASportsGuy ??

NCHustla
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NCHustla

RaidersReporter BASportsGuy I got $5 on it too! LOL

MikeAlexandre17
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MikeAlexandre17

RaidersReporter BASportsGuy if the raiders have that capital make the city of Oakland foot the rest of the bill or move somewhere else.

MikeAlexandre17
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MikeAlexandre17

RaidersReporter BASportsGuy the city of Oakland is the only loser here. Nobody cares about Oakland besides it’s sports teams

Lawrence
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Lawrence

Nice bowl cut on the owner. Probably his bigeest impediment to getting a new stadium deal – hard to take him seriously.

T
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T

@RaidersReporter MikeAlexandre17 BASportsGuy there is just not enough fan support or momentum to push this through. 
Even with the warriors, when the piers 30-32 plan hit a dead end, there was enough momentum to push the warriors to a new site in sf.
besides, i dont see the NFL allowing the raiders to stay in oakland when LA is still looming as an option.

Slam
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Slam

@MikeAlexandre17 RaidersReporterBASportsGuy Oakland is in no position to write checks, but they can “participate” in a new stadium; infrastructure, tax breaks, etc. Just like SF with AT&T.

But Mr Bowl Cut is gonna have to borrow/pay a billion smackers.

Slam
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Slam

@T MikeAlexandre17BASportsGuy We’ve been talking about LA “looming” as an option since 1995. When is the loom expiration date ?

T
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T

@MikeAlexandre17 RaidersReporter BASportsGuy as @MikeAlexandre17 said, the NFL can ALWAYS use LA for leverage purposes on new stadiums.  So, there really is no expiration date.

TSL
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TSL

And $10 dollars toward a new haircut.

Slam
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Slam

@T RaidersReporterBASportsGuy I honestly don’t consider LA as a viable option without a new stadium in the works. Share the LA Coliseum with a college team ? No way the league would give their blessing to that scenario. And the city of Pasadena has already said no to the Rose Bowl, even temporary.

Beaver
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Beaver

Pave over Mayor Quan’s 100 block crime zone and then build the stadium right on top of it – two problems solved.  BTW, Mr Davis’ haircut should be called the “Super Bowl.”

Truth
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Truth

The Raiders would definitely have a home in L.A., because this thing is getting built with or without them http://aegworldwide.com/facilities/stadiums/farmersfield . Also there’s already an existing relationship with AEG, as they operate O.co Coliseum right now!

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