Earlier this month, the Oakland Raiders filed trademark applications with the U.S. Patent and Trademark Office for “Las Vegas Raiders,” on an “intend to use” basis. Now why is this clarification important? Because it means they are filing just in case they decide to move to Las Vegas.
Las Vegas Raiders? Why Not?
Darren Heitner of Forbes.com reported the team filed applications to trademark the name “Las Vegas Raiders” on August 20. Eventhough the intention is there, apparently, by the team owner, there are many things that still need to be determined, approved, and defined.
Sin City is an interesting choice, let’s see … well gambling is allowed! That in itself could be a controversial point against the Raiders.
On the other hand backers of a proposed NFL stadium said they will refuse to accept any less than $750 million in public funding. They have determined the price tag now at $1.9 billion and rising. They have stated to walk away from the project if state lawmakers don’t meet their minimum financial demand.
Public funding is said to come from an increase in room tax and taxing specific areas around the stadium site. Problems on this is that lawmakers want to wait until November, after election. Investors want it done by September.
“Not to be difficult, but we’re not negotiable,” said Sands president Rob Goldstein, who spoke on behalf of billionaire casino mogul Sheldon Adelson and his family. “If we can’t get 750, we respectfully thank you but we’re going to move on.”
Raiders and NFL Blessing
The Raiders have made little progress securing a new stadium in Oakland. They have even committed to line up $500 million towards a new one in Las Vegas.
As per NFL regulations, any team relocation needs the blessing of three-quarters of NFL owners. Owners meet in January, and then is when the proposal has to be made/approved.
So as time shortens the Las Vegas Raiders option is on a tight schedule for public funding and lobbying before the owners meeting.