photo via Kelley L Cox-USA TODAY Sports
With many Bay Area Oakland Raiders fans heartbroken and upset over owner Mark Davis relocating the team to Las Vegas, the second generation owner decided to go on 95.7 the game with JT “The Brick” Tuesday to clear the air as much as he can at this point.
Shockingly, Davis revealed that he went so far as to offer up 20 percent of his franchise to keep the team in the East Bay, only to be strung along and ultimately disrespected.
“There is a myth out there that I wouldn’t put up equity to help drive a deal in Oakland. That is the farthest thing from the truth. I offered 20 percent of the team to be purchased by Colony Capital at a very reduced value. I also did the same thing for Floyd Kephart. I offered 20 percent of the team so that a developer that came in, should the city provide us with the land through either a long-term lease at very favorable rates or some type of sale that again was at very favorable rates, that we would be able to bring a developer in and with them having been able to purchase an equity stake in the Raiders at a low value we would be able to share and that would give us the ability to fill the funding gap that we had.”
Perhaps the most surprising part of the interview was that Davis offered to sell 20 percent of the team to Floyd Kephart of Colony Capital and the Oakland Athletics, in order to help raise money to keep the team in the East Bay.
The two sides weren’t able to strike a deal despite Davis stating that he was close to securing one with Colony Capital in the summers of 2013 and 2014. However, when the Oakland Athletics signed a 10-year lease with the city shortly thereafter followed by the city exponentially increasing the Raiders’ rent — Davis stated he felt disrespected and that a deal wasn’t likely to ever come to fruition.
With the Raiders stuck in Oakland for at least the 2017 season, fans can expect to continue to hear both Davis and Schaaf get on their public relations kicks early and often.