NFL team owners have approved the decision to move the Raiders from Oakland to Las Vegas.

Raider’s owner, Mark Davis, convinced 31 of the league’s 32 owners to make the move with the Miami Dolphins’ owners being the only team not on board.

The Raiders move to Las Vegas will also result in a new $2.5 billion (AUD) stadium to be built in Sin City.

The move won’t happen overnight with the Raiders to play the 2017, 2018 and maybe 2019 seasons in Oakland before they relocate to Las Vegas in 2020.

“We plan to play at the (Oakland) Coliseum in 2017 and 2018 and hope to stay there as the Oakland Raiders until the new stadium opens,” said Davis during a news conference.

“We would love nothing more than to bring a championship back to the Bay Area.”

Plans to relocate have been in the works for a while now and it didn’t look like it was going anywhere until Las Vegas offered $1.2 billion in public funding to build the stadium and cover maintenance costs over the next few decades. This obviously swayed the other party and prompted the decision to move.

“We believe we, and the Raiders, have worked earnestly for over a decade to find a viable option in Oakland,” NFL commissioner Roger Goodell said.

“We believe we went the extra mile to find that solution in Oakland.”

Many fans and members of the NFL community have not been so easily swayed by a large chequebook and already labelling this decision as a massive loss for the team.

We’ll just have to wait and see how this plays out.