Cleveland Browns Have Been Bought Out!
on August 2nd, 2012 at 1:35 pmCleveland Browns Sold for Over $1 Million
Cleveland Browns have a new owner and his name Jimmy Haslam. Randy Lerner felt that it was time to let the Browns go. Lerner, 50, inherited the Cleveland Browns after the death of his father, Al, in 2002. NFL ownership still has to approve the purchase in October but paperwork was completed Thursday morning.
The sale was set up in two parts. He will pay $300 million to complete the deal but first he has to take controlling interested of the team, which totals to $700 million plus. This dude’s got paper, but where is it coming from?
Haslam is the president and CEO of Knoxville, Tennessee based company in the air travel business. Pilot Flying J is the largest operator of travel centers and travel plazas in North America hosting 550 retail locations. You may also know him by being the older brother of Bill Haslam, frequent Tennessee governor. He’s no stranger to football operations. The elder Haslam has been a minority investor in the Pittsburgh Steelers, funny because they are the Cleveland Browns’ rival. Why he chose the Browns, I’m not sure. If he’s a true Steelers fan then what could prompt him to the rival teams. Maybe, it’s just business and he saw the opportunity and jumped at it.
He jumped at the right time! Fans have been upset with Cleveland Browns inherit, Randy Lerner. Some fans have been unhappy with him, long criticizing him as a disengaged owner of a club that has made the playoffs just once since it was recreated.
Photo Credit: Cleveland.com (Jim Haslem on the left)
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