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Stolen Public Funds: The Truth About the Las Vegas Stadium Deal | Graham Elwood

1,050 views · Published 16 April 2017 · 10:15 · Indexed 10 November 2026

Channel: Graham Elwood · 2017 · News & Politics

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Stolen Public Funds: The Truth About the Las Vegas Stadium Deal | Graham Elwood

In this video, Graham Elwood examines a report from the National Review by Jonathan S. Tobin detailing how the Oakland Raiders shook down municipalities before securing $750 million in public financing and tax subsidies from Nevada to build a $1.9 billion domed stadium in Las Vegas, while Oakland mayor Libby Schaaf rightly refused to cave to the billionaire owners' extortion. Graham breaks down the scam of crony capitalism for sports teams, the myth of stadium job creation and economic boosts, and the absurdity of taxpayers funding multi-billion-dollar sports leagues while public infrastructure, education, and social programmes starve.
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📚 Sources & Further Reading:
1. National Review / Jonathan S. Tobin - Article on Crony Capitalism and Sports Stadium Subsidies: https://www.nationalreview.com/
2. Independent Political Journalism - Crony Capitalism, Public Subsidies, and Sports Economics: https://www.grahamelwood.com/
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In this video I discuss the following: 
✅ National Review report by Jonathan S. Tobin on the Oakland Raiders moving to Las Vegas with public subsidies
✅ The $750 million in taxpayer financing approved by Nevada for a $1.9 billion domed stadium
✅ Oakland Mayor Libby Schaaf standing firm against the NFL's shakedown while Oakland still pays off past stadium debt
✅ Crony capitalism, the myth of stadium job creation, and why multi-billion-dollar sports franchises should fund their own arenas
✅ Independent investigative reporting, economic critique, and supporting the channel via Patreon

⏳ Timestamps: 
00:00 - Introduction & National Review Report on the Oakland Raiders Relocation to Las Vegas
02:15 - Crony Capitalism, Public Stadium Subsidies, and the Myth of Economic Boosts
05:30 - Oakland Mayor Libby Schaaf's Stand Against the NFL Shakedown and Unpaid Stadium Debt
08:00 - Public Money for Infrastructure vs. Billionaire Sports Owners and Channel Support Wrap-Up

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#GrahamElwood #OaklandRaiders #LasVegasStadium #NationalReview #JonathanSTobin #CronyCapitalism #PoliticalVigilante

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