Coliseum City : Floyd Kephart To Own Oakland Raiders At Taxpayer Expense - Video
The Coliseum City proposal sent out by Floyd Kephart and New City Development LLC has a provision for the company to buy 20 percent of the Raiders. Mr Kephart also wants the City to add a public investment - else the deal can't get done. Thus, Oakland and Alameda County taxpayers would wind up making Kephart (not Raiders fans) an Oakland Raiders owner. Wow. My proposal - the one the media has ignored to this point - doesn't do that. It's shameful that any elected official would allow this.
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http://youtu.be/uwTyPO-D2zw
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