Randy Lerner used a play from his 2005 playbook...sell an inherited asset for big money.
In 2005, Lerner, then chairman of MBNA, helped sell the credit card
bank to Bank of America. At the time, the Lerner family received $2.3
billion from the sale.
Now, Lerner is on the verge of the sale of the Cleveland Browns,
which should gross at least $700 million. If you’re doing...
Now that Randy Lerner has sold majority ownership of the Cleveland Browns to Tennessee businessman Jimmy Haslam III, it’s time to take a look back at the Lerner Family, patriarch Al Lerner and the role he played in the Browns moving to Baltimore following the 1995 season.
Al Lerner should never have been chosen as the person to own the Browns when the team came back to the...
CLEVELAND– The Cleveland Browns will be sold to Tennessee businessman Jimmy Haslam III.
Please click the link below to read this story
The Browns reportedly have been sold to Jimmy Haslam, a former minority investor (and fan) of the Steelers, for a price in excess of $1 billion.
Aston Villa owner Randy Lerner remains 100% committed to the club after deciding to sell Cleveland Browns , Paul Faulkner has said.
Lerner has opted to sell the NFL franchise, prompting some speculation that he could follow the same path with Villa whom he bought six years ago.
But Villa chief executive Faulkner is adamant that is not the case and Lerner has already spent nearly...
According to Mary Kay Cabot of the Cleveland Plain-Dealer, Browns president Mike Holmgren admitted that owner Randy Lerner is giving up his majority ownership of the team.
“Cleveland browns aren’t going anywhere. They’re going to stay,” said Holmgren, per Cabot.
Lerner is expected to sell the Browns to Tennessee businessman Jimmy Haslam, who currently has...
A minority owner of the Pittsburgh Steelers is in talks to purchase the Cleveland Browns.
Browns owner Randy Lerner dropped the bombshell Friday morning that he is in discussions with Jimmy Haslam to make an investment in the Browns. Haslam is a minority owner of the Steelers, and the Steelers acknowledged the discussions but had no further comment.
Lerner did not say it directly...
Browns owner Randy Lerner is not at the NFLs annual meetings in Palm Beach this week.
That technical term that really sums up what Lerners absence is worth.
Because the Browns are well represented. They have a President in attendance, a Vice President, a General Manager and a coach. The coach attends the coaches meetings, the GM attends the GM meetings, the VP attends...
As many of you have probably seen by now, our good friend Vince Grzegorek had a chance to speak with Browns owner Randy Lerner on several occasions over the course of the last few months, and yesterday published an account of these chats in a profile of Lerner at Cleveland Scene.
Doing just dandy, worry not(, cake-eaters).
Of course, the billionaire rarely speaks with Cleveland...
Leave it to everybody’s favorite Browns beat writer Tony Grossi to promptly delete the most honest words he’s ever published within minutes of having published them. But still, that the words got out at all is extremely encouraging, since we can only assume that with the LaMonte Industries takeover of the Browns not going at all as Grossi planned, he’s finally realizing that...