Issues surround the construction of Allegiant Stadium.
The Raiders could be facing financial trouble. Las Vegas Raiders president Marc Badain retired just before the start of training camp, and that move came as a surprise to many. Badain, who had been with the Raiders for 30 years, was not the only departure. More execs departed soon thereafter.
Mark Davis (photo by Tim Warner/Getty Images, and The Spun)
What’s up? Insiders say it’s about tax implications connected to unreported income in conjunction with the construction of Allegiant Stadium in Las Vegas. That’s according to Mike Ozanian, managing editor at Forbes Media and co-host of Forbes SportsMoney.
As Raiders’ owner Mark Davis tries to tamp down public commentary about the matter, long-time NFL insider Jason Cole reported that the Raiders have hired an outside law firm to deal with matters.
Stadium construction costs were about $2 billion, which included $750 public dollars. The public investment means that Nevada taxpayers have a stake in what could be a testy situation.
