Back in June of last year, the Las Vegas Golden Knights became the latest Franchise to join the National Hockey League. Less than a year later, Las Vegas has another major Sports Team becoming a part of the city. The National Football League has formally voted to approve the relocation of the Oakland Raiders to Las Vegas.
The vote taken at the League Meetings in Phoenix this week was almost unanimous. With only the Miami Dolphins voting No, NFL Owners voted 31 – 1 to relocate the Raiders to Las Vegas.
This comes by way of aggressive efforts brought forth by Las Vegas and the State of Nevada. A record $750 Million of public funding will be used to build a brand new Stadium. Bank of America is adding $650 Million in Financing, while the Raiders are paying $500 Million.
The next step in this move is the Raiders and the City agreeing to a Stadium Lease, operational details, revenue sharing; and all the things that go into operating this type of venue. The Raiders are currently planning on being in Oakland for the next two years. They will become the Las Vegas Raiders in 2020. We’ll have more updates on this move as they become available.