Thu Aug 2, 2012, 01:59 PM
charlie and algernon (13,174 posts)
Raise your hand if you would pay $1 BILLION for the Cleveland Browns. How about more than a billion?
The Cleveland Browns have been sold by Randy Lerner to Jimmy Haslam for in excess of $1 billion, league sources said.
The sale of the Browns is laid out in two parts. Haslam will take over controlling interest of the Browns for over $700 million. Then, in the second phase of the purchase, he will pay over $300 million to complete the deal.
NFL ownership is expected to approve Haslam's purchase at its October meeting. Commissioner Roger Goodell could expedite the process by calling a special meeting, although that is considered unlikely.
The NFL helped bring Haslam to Lerner so that a sale could be completed smoothly, efficiently and with a high probability of success. Haslam had informed the league how much he wanted to buy a team, and Lerner -- who is more interested in his soccer team (Aston Villa in England) -- was interested in selling the Browns.
4 replies, 674 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Raise your hand if you would pay $1 BILLION for the Cleveland Browns. How about more than a billion? (Original post)
|charlie and algernon||Aug 2012||OP|
Response to charlie and algernon (Original post)
Thu Aug 2, 2012, 02:17 PM
Auggie (19,310 posts)
1. I would (if I was super wealthy)
Good luck. Haslam. Can't be any worse than Lerner. Just three pieces of advice from a wannabe owner:
1): Give Mike Holmgren all the money he asks for
2): Don't interfere with player personnel decisions; let the front office and coaching staff do their jobs
3): Don't be a douchebag