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Finance experts: Proposed stadium deal bad for Raiders

Derick E. Hingle / USA TODAY Sports

The proposed financing plan for a new stadium for the Oakland Raiders is a bad deal for the team, stadium finance experts told Matthew Artz of the Bay Area News Group.

The plan could even have the unintended effect of making a move to Los Angeles even more attractive for the Raiders, experts added.

The plan, which was submitted to local leaders this week, includes a provision forcing the Raiders to sell 20 percent of the team for $200 million to financers.

"This is not just the worst stadium proposal I've seen. It's the worst by far," a consultant familiar with several NFL stadium deals said.

"I can't think of any sports team owner that would take a proposal like this even remotely seriously," he added. "It's so one-sided and so bad, that it's almost as if local leaders are saying, 'We can't really do anything, so go ahead and leave.'"

The proposed stadium would be built adjacent to the dilapidated O.co Coliseum for $900 million, an amount entirely financed by the Raiders, the NFL, and future revenues.

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