Originally written on Waiting For Next Year  |  Last updated 6/28/13
The Knoxville News is reporting that an investment group, led by Browns owner Jimmy Haslam and Tennessee governor Bill Haslam is selling the Tennessee Smokies, the AA affiliate of the Chicago Cubs. “The move comes as the Haslam family faces a firestorm of controversy related to Pilot. The giant chain of truck stops is being investigated by the federal government in connection with a rebate fraud scheme that has already netted guilty pleas from five employees. Jimmy Haslam said Thursday that the sale of the Smokies is “absolutely not” related to the legal woes facing Pilot. ‘It does have something to do with Cleveland in that we’re obviously going to be spending more time there,” he said, a reference to his ownership of the Browns. “But I think the reality is the entire partnership group had owned the team for 12 years and felt like it was time for new ownership.’” The cash deal is for an undisclosed amount, though the new owner said all the former investors will see a return for their money. According to the report, the group led by the Haslams paid $7.5 million for the baseball team in 2002. The Haslams famously bought the Browns for just over $1 billion dollars last fall. Jimmy Haslam tried to assure Cleveland fans that there was nothing to worry about with the sale of the Smokies- “absolutely zero to worry about.”  
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Ben Roethlisberger: Markus Wheaton is ready to break out

Hernandez tipster allegedly had sexual relationship with him

Rookie WR Tyler Lockett has Pete Carroll, Seahawks gushing

Packers TE returns to practice in wake of family tragedy

DeSean Jackson: Revis, Sherman can't stop me

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Rob Gronkowski on Patriots LB Jamie Collins: ‘He’s a freak’

Ray Allen won't officially retire in case he gets right offer

Cam Newton on taking hits: I'm not a ballerina

Warner impressed by progress made by pupil Kaepernick

Yordano Ventura threatened Jose Bautista on Twitter

Giants GM confirms he has spoken with Jason Pierre-Paul

Porn star offers to cook meal for any sports champion

Why everyone is wrong about Cowboys Tony Romo, Part 1

Oregon was only team drug tested during CFB Playoff?

Five 2nd year NBA players ready to take the next step

John Daly wants to be US Ryder Cup captain

Rodgers appears in another Olivia Munn workout video

Matt Hasselbeck is still getting random drug tests

Five teams that won at the MLB trade deadline

What should be expected from Aaron Rodgers in 2015?

Kareem Abdul-Jabbar is waiting for Tim Duncan to match him

Report: James Harden received $200 million offer to join Adidas

Adrian Peterson, son featured in Vikings' 'Family Day' tweet

All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Notre Dame doesn't need a conference

Rex takes jabs at Jets' management

Sanchez: It's 'crazy' to call Chip racist

Ronda Rousey calls out Cyborg

Five most underrated players in the NFL

Five potential NFL salary cap casualties this preseason

Winners and losers of the 2015 MLB trade deadline

Pirates do Pirates at deadline: Neat little moves

Mets acquire Cespedes from Tigers

Ranking the NFL’s 32 head coaches

Five worst baseball trades since 2000

Examining the state of the NFL

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker