Month: January 2017

Benjamin Allbright Owes Zennie Abraham $500 On Oakland Raiders Las Vegas Bet

Benjamin Allbright Owes Zennie Abraham $500 On Oakland Raiders Las Vegas Bet

NFL reporter Benjamin Allbright was feeling his oats and taking bets that the Oakland Raiders were on the way to Las Vegas. So I bet him $500 that he was wrong. Now the Las Vegas deal has collapsed and Davis has left a lot of bad blood in Sin City. Staying in Oakland is his best choice and getting a new stadium. Meanwhile Ben can pay $500 to my PayPal account at zennie@sportsbusinesssims.com.

Stay tuned. via IFTTT

Sheldon Adelson Leaves Oakland Raiders Las Vegas NFL Stadium Deal, Goldman Sachs Reportedly Out

Sheldon Adelson Leaves Oakland Raiders Las Vegas NFL Stadium Deal, Goldman Sachs Reportedly Out

ESPN and now NBC Bay Area are reporting that Goldman Sachs Investment Bankers are now out of the Oakland Raiders Las Vegas NFL Stadium Project.

This after Sheldon Adelson announced he would stop negotiating with Mark Davis and The Raiders on Monday. via IFTTT

Sheldon Adelson Leaves Oakland Raiders Las Vegas NFL Stadium Deal; Mark Davis’ Trust Issue

Adelson dumps Mark Davis. Did Davis learn his lesson?

Sheldon Adelson Withdraws From Oakland Raiders Las Vegas Deal, Exposing Mark Davis’ Trust Issue

Sheldon Adelson withdrew from the Oakland Raiders relocation effort to Las Vegas, for all practical purposes, killing the NFL move. The $30 billion casino mogul, controversial business practices and all, was team owner Mark Davis’ best bet for pulling off what has always been a long-shot project for a host of basic reasons.

But one reason the deal failed was one that wasn’t obvious to the lay observer, but it was to anyone who’s worked with Mr. Davis: the feeling that he’s not really, honestly negotiating with you in good faith. This is now an obvious pattern, and something Mark Davis has to evaluate and stop doing.

The first time the lack of good faith problem reared its head in Oakland in 2015. I recall telling Oakland Mayor Libby Schaaf that Davis and the Raiders were working behind her back and with the representatives of Carson, California, all the while shining her on as if they intended to work with her on a new stadium in Oakland. At the NFL Spring League Meeting, I asked Mark Davis why he was working behind Mayor Schaaf’s back with Carson – on video with me, he denied doing that, when everyone of the media at that point knew that he was. The scene was not pretty at the San Francisco Ritz Carlton.

The second time was when City of Oakland officials intimated to me that they were upset Mark Davis did not tell them he was going to seek a stadium deal in Las Vegas, instead telling them to wait until the 2016 January Houston NFL Owners Meeting, for the LA decision, and then wait until his stadium point person, Larry McNeil came on board – which was in April of 2016. Between that January and late April, Davis started his Las Vegas work, behind Oakland’s back. I mentioned this on video at Zennie62 on YouTube to NFL Commissioner Roger Goodell at the NFL Spring League Meeting in Charlotte, and he admitted that the Raiders were partly to blame for their Oakland stadium problem.

The third time came in the Las Vegas deal, and when Davis went behind Adelson’s back and to the NFL with an idea to eliminate the owner of the popular Venetian and Palazzo Hotels and “replace” him with financing to be secured by Goldman Sachs. Of course, Davis forgot about the thorny issue of where that money was going to come from, let alone the political fallout from trying to cut Adelson (the unofficial Mayor of Las Vegas, not to offend Mayor Goodman) out of what he saw as a “legacy project” for Las Vegas. Davis went right along and continued to play his game of trying to always have a way of gaining the upper hand in a business deal by forming a way of cutting out his negotiating partner at the last minute.

When Adelson and Las Vegas Sands Government Affairs Rep Andy Abboud realized that Davis was trying to engineer yet another way of going behind their backs in the form of a publicly-released lease proposal they knew nothing about, Adelson had enough, and pulled the plug. For Mark Davis, the third time’s the charm.

Unlike Oakland, Mark Davis partnered with a man in Sheldon Adelson who did not need or really want him or the Raiders – for Adelson, Davis was nothing more than a pawn. A rounding error that found a convenient use as a tool in keeping large sums of tax money away from the Las Vegas Convention and Visitors Authority.

Adelson’s personal 1,000-year-war was against the government firm, and it’s ever growing use of the public dollar for convention space. Adelson wanted his privately-built Sands Expo and his hotels to get more business – and so the war was waged. As long as Davis played nice and stayed in his lane, Adelson was happy. But Davis, as is common, did not. He tried to play Adelson, and now is getting played out of Las Vegas.

It’s Mark Davis lesson, but I’m not yet sure he’s learned it. Maybe the NFL will talk with him.

Stay tuned.

https://youtu.be/vgAhgEqAtXI via IFTTT

Sheldon Adelson Withdraws From Oakland Raiders Las Vegas NFL Stadium Deal; Mark Davis’ Trust Issue

Sheldon Adelson Withdraws From Oakland Raiders Las Vegas Stadium Deal, Exposing Mark Davis’ Trust Issue

Sheldon Adelson withdrew from the Oakland Raiders relocation effort to Las Vegas, for all practical purposes, killing the NFL move. The $30 billion casino mogul, controversial business practices and all, was team owner Mark Davis’ best bet for pulling off what has always been a long-shot project for a host of basic reasons.

But one reason the deal failed was one that wasn’t obvious to the lay observer, but it was to anyone who’s worked with Mr. Davis: the feeling that he’s not really, honestly negotiating with you in good faith. This is now an obvious pattern, and something Mark Davis has to evaluate and stop doing.

The first time the lack of good faith problem reared its head in Oakland in 2015. I recall telling Oakland Mayor Libby Schaaf that Davis and the Raiders were working behind her back and with the representatives of Carson, California, all the while shining her on as if they intended to work with her on a new stadium in Oakland. At the NFL Spring League Meeting, I asked Mark Davis why he was working behind Mayor Schaaf’s back with Carson – on video with me, he denied doing that, when everyone of the media at that point knew that he was. The scene was not pretty at the San Francisco Ritz Carlton.

The second time was when City of Oakland officials intimated to me that they were upset Mark Davis did not tell them he was going to seek a stadium deal in Las Vegas, instead telling them to wait until the 2016 January Houston NFL Owners Meeting, for the LA decision, and then wait until his stadium point person, Larry McNeil came on board – which was in April of 2016. Between that January and late April, Davis started his Las Vegas work, behind Oakland’s back. I mentioned this on video at Zennie62 on YouTube to NFL Commissioner Roger Goodell at the NFL Spring League Meeting in Charlotte, and he admitted that the Raiders were partly to blame for their Oakland stadium problem.

The third time came in the Las Vegas deal, and when Davis went behind Adelson’s back and to the NFL with an idea to eliminate the owner of the popular Venetian and Palazzo Hotels and “replace” him with financing to be secured by Goldman Sachs. Of course, Davis forgot about the thorny issue of where that money was going to come from, let alone the political fallout from trying to cut Adelson (the unofficial Mayor of Las Vegas, not to offend Mayor Goodman) out of what he saw as a “legacy project” for Las Vegas. Davis went right along and continued to play his game of trying to always have a way of gaining the upper hand in a business deal by forming a way of cutting out his negotiating partner at the last minute.

When Adelson and Las Vegas Sands Government Affairs Rep Andy Abboud realized that Davis was trying to engineer yet another way of going behind their backs in the form of a publicly-released lease proposal they knew nothing about, Adelson had enough, and pulled the plug. For Mark Davis, the third time’s the charm.

Unlike Oakland, Mark Davis partnered with a man in Sheldon Adelson who did not need or really want him or the Raiders – for Adelson, Davis was nothing more than a pawn. A rounding error that found a convenient use as a tool in keeping large sums of tax money away from the Las Vegas Convention and Visitors Authority.

Adelson’s personal 1,000-year-war was against the government firm, and it’s ever growing use of the public dollar for convention space. Adelson wanted his privately-built Sands Expo and his hotels to get more business – and so the war was waged. As long as Davis played nice and stayed in his lane, Adelson was happy. But Davis, as is common, did not. He tried to play Adelson, and now is getting played out of Las Vegas.

It’s Mark Davis lesson, but I’m not yet sure he’s learned it. Maybe the NFL will talk with him.

Stay tuned. via IFTTT

Sheldon Adelson Withdrawl Kills NFL Oakland Raiders In Las Vegas In Major Setback

Sheldon Adelson Withdrawl Kills NFL Oakland Raiders In Las Vegas In Major Setback

Sheldon Adelson’s withdrawl from the relocation effort to bring the Oakland Raiders to Las Vegas has effectively killed any chance of Vegas seeing the Silver and Black. The Las Vegas Sands CEO’s statement made him read more like a hurt de facto Mayor of Las Vegas than a once-active investor in the Raiders project. One who spent a million on getting politicians to back the Oakland Raiders.

Within the Sheldon Adelson statement, one paragraph, the last one, served to stick a knife in the Raiders NFL relocation to Las Vegas from Oakland effort, effectively reducing it to a dream. This:

“While this is not the result my family was hoping for, I am very appreciative of the countless people who have given considerable time and energy to this process, especially so many of our elected officials who have made this a top priority for Southern Nevada.”

It was those same elected officials that were the beneficiaries of Adelson’s fiscal largesse. Lobbyists too. Remember that Mr. Adelson’s Las Vegas Sands staff, headed by government affairs representative Andy Abboud, begged, pleaded, and strongarmed the Nevada legislature to get the votes for Senate Bill One, and the $750 million subsidy plan. Now, with Adelson’s departure, so goes away his political money and muscle. Goldman Sachs can’t save Mark Davis Las Vegas dreams.

Anyone who thinks Goldman Sachs Investment Bankers can save the Oakland Raiders Las Vegas deal is purely stupid and out to lunch and for several reasons: 1) Goldman Sachs does not have $800 million just laying around to donate to the Raiders; 2) the stadium, as planned, does not throw off enough revenue over a 30-year period to pay for the principal and interest on a private bond issue of $800 million; 3) That $800 million does not include both the cost to buy the Russell Road stadium land, and the expense of preparing its infrastructure, what I estimate to be between $100 million and $150 million; 4) Goldman Sachs does not have the political juice or money to compete with the investment and loyalty that Adelson’s bought, and Davis sure as hell does not. And this is very important.

Remember how Las Vegas Sands made promises and, as I said before, strongarmed many Nevada Legislature members to land last minute votes? Well, now that Las Vegas Sands is gone, those promises are too – Goldman Sachs can’t come in and try and claim them. Indeed, there may be a hunger now to undo the subsidy deal itself, though it’s too early to tell – it’s possible.

It’s possible because one of the politicians that Sheldon Adelson made a huge investment in was the Governor of Nevada, Brian Sandoval. In fact, Adelson spent somewhere around $300,000 on Sandoval, alone. So, is Sandoval inclined to keep working on behalf of Mark Davis and the Raiders when he’s planning a run for re-election as Governor? No. He’s not.

This deal’s dead. But it doesn’t mean Oakland’s off the hook. It’s Oakland’s time to shine. via IFTTT

Sheldon Adelson Withdraws From Oakland Raiders Las Vegas Deal, Dumps On Mark Davis

Sheldon Adelson Withdraws From Oakland Raiders Las Vegas Deal, Dumps On Mark Davis

Sheldon Adelson withdrew from a partnership with the Oakland Raiders in bringing the NFL team to Las Vegas. Mr. Adelson issued this statement:

“The Oakland Raiders came before the Las Vegas Stadium Authority last week with a proposed lease agreement that has sent shockwaves through our community.

It was certainly shocking to the Adelson family. We were not only excluded from the proposed agreement; we weren’t even aware of its existence.

In addition to being discouraged by the surprise submission, I was deeply disappointed for the disregard the Raiders showed our community partners, particularly UNLV, through the proposed agreement.

It’s clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family. So, regrettably, we will no longer be involved in any facet of the stadium discussion.

While this is not the result my family was hoping for, I am very appreciative of the countless people who have given considerable time and energy to this process, especially so many of our elected officials who have made this a top priority for Southern Nevada.”

As this blogger said, Oakland Raiders Owner Mark Davis committed political suicide in releasing a lease agreement that had a $1 rent, and also treated the beloved UNLV as if it were an unwanted appendage. Sheldon Adelson reacted as a person who loves Las Vegas. The Raiders arrogance has caught up to them – once again.

Adelson, who spent over $1 million on gaining political support for this effort, was the business person responsible for Mark Davis being in Las Vegas, aside from UNLV President Len Jessup. Addison’s worshipped in Las Vegas – they will not move a muscle for Davis.

Clark County Commissioner Steve Sisolak said the words that indicate the deal’s for all practical purposes dead: “I am sorry to hear about this development. We would not be as close as we are to having an NFL franchise in Las Vegas without the initiative and leadership of Dr. Miriam and Sheldon Adelson and their team. I sincerely appreciate the time and effort they all have contributed to this project, and I remain hopeful that we will see our NFL dream come true.”

Some time, just not now.

Stay tuned. via IFTTT

Atlanta Airport Theft Victim Screams As People Surround Accused Woman

Atlanta Airport Theft Victim Screams As People Surround Accused Woman

This happened when a young black woman could be heard screaming to the stop of her voice that another black woman robbed her while both were in Atlanta Hartsfield-Jackson International Airport.

As the woman screamed and called for Airport security and said that all of her credit cards were stolen, others surrounded the accused woman and asked her questions.

According to an airport employee who did not want to be on camera, the accused woman is a person who “hangs out at the airport and she says tried to steal a hat.

I was waiting for my bag to come off the ramp at baggage claim and for my Mom, so I could not stay and get more information. But watch your belongings. via IFTTT