The Las Vegas are in some serious trouble. There have been a slew of concerns in the front office over the departure of four top executives in 6 weeks, including now former president Mark Badain. Rumors suggested it was money issues because Badain had been with the Raiders for 30 years.
Mike Ozanian, managing editor at Forbes Media and co-host of Forbes SportsMoney, tweeted days ago that the resignations were tied to accounting issues related to the new stadium.
Ozanian followed up his original tweet by stating the organization is facing some tax implications for not properly reporting income.
Daniel Kaplan, sports business reporter for The Athletic, followed up the story by saying that the issue that led to the Raiders’ executives resigning is because of overpaid taxes.
Allegiant Stadium was built with $750 million dollars of tax-payer revenue, which is three times greater than any other tax burden put on residents for a football stadium.
A.J. Perez of Front Office Sports reports that recent issues stretch back decades with the Raiders.
The Raiders have yet to comment on the situation.