“I guess we’re approaching the two-minute warning.”
“A lot of arguments will be made. He said he put down $600 “because I want to have a hockey team.”
Foley’s toughest sales job to the league may be Las Vegas itself. The Raiders would contribute $500 million, while Adelson and his partners chip in $150 million. “I have been spoken to by the commissioner at various times when I did not do exactly what he wanted to do. The cash would come from increasing the tax on hotel stays and would be the most public money spent on any of the past 11 NFL stadiums.
“If they get 100 percent of the revenue and only put in $650 million, it’s going to be difficult. “I’m skeptical, but I’m optimistic at the same time.”
Sin City is betting on a makeover. If you’re going to divert that much, why not use it for some of the real needs that are here — schools, roads, etc.?” Ralston said.
One of those elected officials is Steve Sisolak, who chairs the Clark County Commission, which would have to approve any NFL stadium deal.
“The public relations of it are a nightmare. The West Point graduate now wants to drop the puck in his adopted hometown.
Foley’s sales pitch to fans and the NHL includes brand new T-Mobile Arena. It’s been holding events showcasing entertainers and was built to host an NHL or NBA team.
But the NHL — not the NFL — may score first. And it would define Bill Foley.
Foley’s website is already advertising season tickets. We’ve never had something that we can say, ‘This is what defines Las Vegas.’ And an NHL team would define Las Vegas,” Boehlke said.
“You convinced people to give you money for tickets to a team that doesn’t exist?” Albert asked.
“I think $750 million without some type of return is a little bit too much for the taxpayer to shoulder,” Sisolak said. Everyone knows that Sheldon Adelson is one of the richest guys in the world,” Ralston said. Real difficult,” Sisolak said. But the deal would have to be struck this summer, in an election year.
“And the arena wasn’t built. AEG and MGM opened the up-to-20,000-seat arena just off the Las Vegas strip in April. I don’t think daily fantasy is (gambling).”
But it may not be gambling that stops the NFL from lacing up in Vegas. “Maybe I can sell some other things.”
“This is my mission. Pro hockey’s annual awards show is June 22 in Vegas. “It’d be hard to get on.”
Casino magnet Sheldon Adelson has dealt himself in. that it creates more engagement.”. Money could sack the deal.
Ken Boehlke created the site Sinbin.Vegas to track every minute development.
Die-hard hockey fans like Eric Biro are among the 14,000 who paid to be on Bill Foley’s season ticket list. Jon Ralston has covered politics there for 30 years. I’m never going to do that again. That’s pretty good, wasn’t it? I like that,” Foley said. “It’s a lot of money, but it’s going to be fun.”
“I’m not a patient man, but I’ve learned patience,” Foley said. He’s felt a “seismic shift” in how gambling is perceived nationwide and by those who lead professional sports leagues.
This lifelong Green Bay Packers fan said crucial decisions must be made by an end-of-July deadline or the clock may run out.
Sisolak hopes the NFL and the Raiders will budge to reduce the amount of public money needed.
“We’ve always been a tourist city. And 90 percent of NFL franchises also now have ad agreements with daily fantasy sites DraftKings or FanDuel.
“So for you, it’s a non-starter if the NFL or the Raiders were to get 100 percent of concessions, 100 percent of parking and 100 percent of naming rights?” Albert asked.
Foley said he’s now out of the penalty box, with his goal finally in sight.
“If this opportunity slips away and the Raiders were to find a new home, I don’t think you’re going to see another opportunity come available for a long time,” Sisolak said. “And we’re really, really close.”
Ralston said this would be “very difficult.”
NFL Commissioner Roger Goodell acknowledged as much last month, saying: “All of us have evolved a little bit on gambling… “For him to ask the public to pony up $750 million when he’s worth $28 billion, that’s just not going to fly — not just with the public, but with the elected officials.”
“I am the man that wants to bring hockey to the desert,” Foley said. I’m going to be the majority owner of the tea,” Foley said, adding that he wouldn’t confirm or deny that it would cost him $500 million. I haven’t been spoken to by anyone as I was spoken to by him since I was a plebe at West Point.”
“The real question I think is, is Vegas still toxic?” Ralston said.
Last year, NBA Commissioner Adam Silver made this admission about gambling: “It’s good for business, I don’t want to hide from that… The NHL’s Board of Governors, which must vote to approve any expansion, is now scheduled to convene there just hours before.
“I have been looking forward to it my whole life, Vegas’ first professional sports team,” said hockey fan Tom Mullin.
The Oakland Raiders’ proposal, presented in April by owner Mark Davis, bets on $750 million from the public to help build a $1.4 billion domed stadium complex on a lot near the Las Vegas strip. In fact, Foley said 14,000 people have put down deposits of at least $150 each.
Even in Vegas, where the wagers are big and the odds even bigger, Bill Foley has made one heck of a bet.
On the gridiron, an estimated $95 billion is wagered every year on NFL and college football games. Las Vegas has long been the gambling capital of America, but it now wants to become a big-time sports town, reports CBS News’ Mark Albert.
Not one dime of public money went into construction of the $375 million facility, but lots of people have anted-up.
Foley is a multi-millionaire businessman who grew grew up in Ottawa, Canada, playing hockey