Competitive Edge - Sports & Entertainment Marketing News

Stadium Bonds for NFL Raiders Struggle Even as Vegas Reopens

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A bond-financed stadium for the Las Vegas Raiders continues to show signs of struggling, even with a bounce-back in tourism to support the debt.

Clark County, Nevada, which is home to the gambling hub city of Las Vegas, is expected to draw on its debt service reserve fund Tuesday to make a payment associated with the $645 million of municipal bonds sold in 2018 for the stadium, according to S&P Global Ratings and a regulatory filing.

Click here to read the story at bloomberg.com.

Discussion Questions:

  1. Why do you think sports teams often push for new stadiums?
  2. Why did the Raiders move to Las Vegas?
  3. What are the different ways a new sports facility can be financed?
  4. How was the Raiders stadium in Las Vegas financed?
  5. In your opinion, who should pay for new stadiums? Team owners? Leagues? Cities and taxpayers? Why? Be prepared to discuss your answer.
Chris Lindauer
After working for nearly a decade in professional sports, Chris Lindauer, formed Sports Career Consulting to provide unique sports business education opportunities in and out of the classroom. In the eighteen years (and counting) that followed, Chris has inspired thousands of students to pursue their passions and explore the career of their dreams. He currently lives in Portland, Oregon with his wife, two teenage daughters and their dog.

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