NFL owners approve Raiders’ move from Oakland to Las Vegas
Published 8:58 am Tuesday, March 28, 2017
Invoking his father Al’s name, and copying what the Hall of Fame owner did with the Raiders, Mark Davis is moving the franchise out of Oakland.
NFL owners approved the Raiders’ move to Las Vegas 31-1 at the league meetings Monday. Miami was the lone dissenter.
“My father used to say the greatness of the Raiders is in the future,” Davis said. “This gives us the ability to achieve that.”
The vote was a foregone conclusion after the league and Raiders were not satisfied with Oakland’s proposals for a new stadium, and Las Vegas stepped up with $750 million in public money. Bank of America also is giving Davis a $650 million loan, further helping to persuade owners to allow the third team relocation in just over a year.
The Rams moved from St. Louis to Los Angeles in 2016, and in January the Chargers relocated from San Diego to LA.
“You know our goal is to have 32 stable franchises for each team and the league,” Commissioner Roger Goodell said. “We work very hard and never want to see the relocation of a franchise. We worked tirelessly over the last nine months or so on a solution. We needed to provide certainties and stability for the Raiders and the league.”