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Sources: Fortress Investment Group Backing Lott's Effort To Keep Raiders In Bay Area

Oakland's hopes of keeping the Raiders "rest with the Fortress Investment Group," a money management firm in S.F. that boasts $72.2B in assets, according to Matier & Ross of the S.F. CHRONICLE. Sources said that Fortress is the "potential money behind" the group led by Pro Football HOFer Ronnie Lott and former NFLer Rodney Peete that is "trying to put together a Raiders stadium deal." Fortress' co-Chair is Bucks co-Owner Wes Edens. A source said that the hope is that Lott "can persuade" Raiders Owner Mark Davis to "sit down with his group if it can get control of the Coliseum site from the Oakland-Alameda County Coliseum Authority." The Coliseum site is where a new stadium "would be built, and the thinking is that Lott’s group would have credibility with the Raiders owner if it actually had the land." One of the people "trying to bring it together" is Another Planet Entertainment CEO Gregg Perloff, whose S.F.-based concert production company runs the annual Outside Lands music and arts festival there. He has "joined forces with the Lott group, which presented an outline 'term sheet' last week for acquiring and developing the Coliseum site to Oakland Assistant City Administrator Claudia Cappio." Meanwhile, the Lott group "wants part ownership of the Raiders." Stanford professor Roger Noll said that it is "unlikely the NFL owners would force Davis to stay put at the cost of a chunk of his team" (S.F. CHRONICLE, 10/25). 

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