It all looks like an almost done deal – the Oakland Raiders will be moving on to Las Vegas.
But the City of Oakland is making a last-ditch effort to keep their beloved team, who have returned to somewhat prominence over the last couple of years in the NFL.
“We’re not giving up in the fourth quarter,” Oakland Mayor Libby Schaaf said in a statement, per NFL.com.
Oakland had previous plans to build the Raiders a new stadium, and sent a letter to the league with new details:
“Schaaf shared new, detailed renderings of what the $1.3 billion, 55,000-seat football-only stadium would look like, and assured the league that Oakland would expedite the environmental review and other bureaucratic moves that could bog down the project. On the financial side, the New York hedge fund Fortress Management Group is willing to work on terms for a $600 million contribution similar to the one Bank of America is offering for the Las Vegas stadium, Schaaf’s letter said.”
While the NFL is reviewing the letter, more and more people are speaking out against move, including former Raider Ronnie Lott:
“To rip this team away from Oakland for a second time would be heartbreaking and entirely unnecessary given that we have a viable option on the table that keeps them here and helps this community and the team grow,” Lott, who’s involved with the hedge fund in its efforts, said in a statement. “We have a sophisticated financial partner in Fortress. We have done the due diligence, and it is clear that the only fully-financed, ready-to-roll option for the Raiders is in Oakland.”