Found November 28, 2012 on The Victory Formation:
TEAMS:
Well, it sure sounded like fun. Tuesday, it was reported by a Memphis, TN stations that the Tennessee Volunteers coaching position was being offered to Jon Gruden , with the caveat that he would receive part ownership in the Cleveland Browns. This rumor was perpetuated by the fact that one of the largest boosters is [...]
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Vols booster offers Gruden ownership in Browns?

A wild report says Jon Gruden was offered an ownership stake in the Cleveland Browns to come coach the Tennessee Volunteers.

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