Found August 04, 2012 on Gridiron Grit:
Photo Credit: ClevelandBrowns.com Randy Lerner agreed Thursday to sell a majority stake in the Cleveland Browns to Jimmy Haslam (James A. Haslam III), CEO of the Tennessee-based Pilot Flying J Corporation, along with his family. The sale is subject to a review by the NFL and a vote of the league’s owners at a later date. “On behalf of my family and as trustee for the Lerner Family Trust, which holds the shares of the Cleveland Browns, I have agreed to sell the Browns to Jimmy Haslam and his family,” said Lerner, according to the team’s release. “I was approached regarding Mr. Haslam’s interest several weeks ago.  While as a fiduciary I have always felt it was my responsibility to listen to offers, I had not been approached with a proposal that felt as natural and complete as Mr. Haslam’s. “He had done a lot of work on the Browns and the City of Cleveland and first and foremost gave me his personal assurance the team would remain in Cleveland,” he continued.  ”As I was at first overwhel
THE BACKYARD
BEST OF MAXIM
RELATED ARTICLES

Cleveland Browns Sale: Al Lerner's Betrayal Finally In Rearview Mirror

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...

Heckert discusses uncertainty in front office

AKRON, Ohio - The Browns general manager knows the impending change in ownership can lead to some uncertain moments for those in the organization, but Tom Heckert hopes his group can stay on to see the team's latest roster rebuild through. Heckert believes he's earned that right, but he also admits no one knows what will happen when Jimmy Haslam III officially takes over...

Browns LB Gocong carted off with injury

Browns linebacker Chris Gocong has been carted off the practice field with a right leg injury. The 28-year-old Gocong was in obvious pain as he couldn't get up after a play Saturday. Trainers took off his right shoe and checked Gocong's ankle. As he was lifted onto a cart, Gocong kept his entire leg straight in protection. Gocong has started all 32 games for Cleveland since...

Gocong carted off with leg injury

Browns linebacker Chris Gocong has been carted off the practice field with a right leg injury. The 28-year-old Gocong was in obvious pain as he couldn't get up after a play Saturday. Trainers took off his right shoe and checked Gocong's ankle. As he was lifted onto a cart, Gocong kept his entire leg straight in protection. Gocong has started all 32 games for Cleveland since...

Browns plan is on track

While some ownership deals drag on for weeks and months, the Cleveland Browns got sold this week without anything in the way of prior public knowledge. As soon as the new owner Jim Haslam III took the reigns of the organization, there was thought around the league that this could negatively affect the path that the Browns are taking by forcing them into a win-now mode that...

Jimmy Haslam Represents Possibility and Opportunity

Now that it has sunk in that the Browns have a new owner, I am extremely happy at the prospects. There are no guarantees that Jimmy Haslam is going to do this thing right, but it represents opportunity for Browns fans to have something that most didn’t even think possible a few short weeks ago. These newly owned Browns have potential for something new and different that hasn...

Browns’ Chris Gocong done for the year with a ruptured Achilles

Getty Images According to Mary Kay Cabot of the Cleveland Plain-Dealer, Browns linebacker Chris Gocong ruptured his Achilles and is done for the season.  He’ll likely undergo surgery on Monday. Achilles injuries are some of the most difficult injuries to come back from.  The 28 year-old Gocong will have a tough road ahead.  The good thing is that it happened early in training camp.

Goodell wants sale of Browns completed soon

AKRON, Ohio - The NFL commissioner believes Jimmy Haslam III will officially be the owner of the Cleveland Browns soon, perhaps even in time for the start of the 2012 season. Speaking at a youth football event in Akron Saturday morning, Roger Goodell said the involved parties have been "working on it" and that the sale of the Browns from Randy Lerner to Haslam will be finalized...

Haslam: Most Important Thing We can do is Win

He said moving the Browns from Cleveland was never an issue and it won’t be an issue. He did say that Cleveland Browns Stadium will probably someday have naming rights.

Browns Sold to Tennessee Truck-Stop Magnate Randy Lerner for More Than $1 Billion

CLEVELAND -- Here's one to make Cleveland fans shake their heads: a partial owner of the hated Pittsburgh Steelers is buying the Browns. Randy Lerner has reached a deal to sell the club to Tennessee truck-stop magnate Jimmy Haslam III -- a minority stockholder in the rival Steelers. Lerner will sell 70 percent of the Browns to Haslam now, with the other 30 percent reverting to...

Virtual Roundtable #RichPeopleProblem

HOLY CRAP RANDY LERNER IS SELLING THE CLEVELAND BROWNS!.....and you know what? He did just that, to the tune of a billion dollars.

Haslam Press Conference

"Believe it or not, the first time I ever met Randy Lerner was July 2 and today is August 3 so it’s been a very short time frame." Haslam said.
NFL 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!

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.