OAKLAND (AP) —
Finance experts say a long-awaited plan for a new Raiders stadium is a lousy deal for the team and will make a potential return to Los Angeles even more attractive.
The Oakland Tribune (http://bayareane.ws/1GEpXqC ) reports Saturday its newspaper group had obtained a brief of the plan and asked finance experts to vet details.
The plan submitted by a San Diego-based businessman Floyd Kephart calls for the Raiders, the NFL and future stadium revenues to finance the proposed $900 million facility. The plan also calls for the Raiders to sell off a portion of its club to Kephart’s company.
Raiders officials did not return calls Friday. Kephart declined comment.
The Raiders are also working with the San Diego Chargers on a $1.7 billion stadium in the Los Angeles suburb of Carson.