Financing Plan for Stadium Called a Lousy Deal for Raiders

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.


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 ( ) 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.