According to Jason Cole of B/R, Raiders owner Mark Davis could be nearing an agreement to sell portion of the franchise to a Los Angeles investor.
- Cole mentions that a deal could be in place at some point in the near future in hope of relocating the team.
Cole previously reported that Davis may have to sell a portion or all of his team to an L.A. investor, so this shouldn’t come as a complete surprise. Davis, himself, has said previously that he’s open to the idea.
Four sources told Cole at the time that there is an investor located in Los Angeles who would help the Raiders relocate to L.A. and join the Chargers as part of the Carson project.
There has been talk for months now that NFL owners are concerned about Davis’ ability to move the Raiders by himself and handle all of the specifics that would come from relocating the team to L.A.
In recent days, there has been no indication that NFL owners are any closer to backing one of the two proposed stadium projects.
The Carson stadium would house both the Chargers and the Raiders, and Rams’ owner Stan Kroenke’s has been pushing his Inglewood project for some time now.
Cole said previously that Davis would like need to make a “significant move” to get the Raiders to Los Angeles.
Any team relocating to L.A. will need the support of 75 percent of the owners, and it appears the league is open to more ideas than the options currently on the table.
We’ll have more regarding the Los Angeles’ stadium projects and the Raiders as the news is available.