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Fox 8 saying Steelers reporting they are buying Haslam out of his shares.
Good point made. Stadium repairs made with money that wouldnt be available for 6 years. Fixing up to sell or was it all necessary!
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NBC 3 saying Jay Schottenstein is a part of the group.
you had a good run Hank.
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Quote:
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Again, if you pay 900 mill for a team, my guess is that your love for the Browns goes up a little bit.
Dan Gilbert was (and probably still is to some extent) a huge Detroit Pistons fan, yet he owns the Cavs and I think he is very passionate about his Cavs. When you invest into anything, you become a fan of whatever that investment is unless you are in the movie "Major League."
To be fair, Rachel Phelps never invested in the Indians, she inherited them much like Randy.
At least Randy didn't turn off the hot water.
If this is true, the only reason I can see them selling is if he thinks he just can't get this thing going. It's not like he's broke, and it's not like the Browns are a problem for him, he's never really around anyway. He's let the people under him handle the day to day stuff.
If he gave up the team because he didn't think he could do this, I respect him a lot for that. I just hope he left us in good hands. I don't know much about this guy other than some bullet points that everyone is learning today.
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Some of the stuff I'd seen was that his wife was integral in the possible sale. Is she sick of it? Tired of Randy taking heat?
Norma probably wields much power!
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Quote:
NBC 3 saying Jay Schottenstein is a part of the group.
Actually, Schott has apparently made their own, separate bid.
you had a good run Hank.
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I finally see the team moving in the right direction....probably a perfect time to sell. As long as we don't get someone that wants to blow the whole thing up again we should be fine. This is the NFL and not MLB. There is a salary cap and I'm pretty sure by next year you will need to spend something like 90% of the cap.
I'm not worried. The guy/guys rumored to be involved don't appear to be the Al Davis/Dan Snyder type owners.
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Randy Lerner confirms negotiations to sell the Browns Jul 27, 2012 -- 10:08am By Tony Grossi Randy Lerner has confirmed he is in negotiations to sell the Cleveland Browns to Jimmy Haslam, a Knoxville, Tn.-based businessman who is a minority partner in the Pittsburgh Steelers. Rumors that the Browns were for sale were denied by the club in June, but the rumors resurfaced in recent weeks. Lerner said in a statement released by the club, “In connection with current rumors and press inquiries, I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns. “We are currently in negotiations and both sides have agreed to keep that dialogue and its details private. Given that any transaction would require League approval, care has been taken so that this process will not be disruptive to the organization, in particular the football team, as it prepares for the upcoming season. “We will share further details or make an announcement if it becomes necessary.” Haslam, 58, is president and CEO of Pilot Travel Centers, the nation’s largest retail operator of travel centers and truck-stops. The company was founded by his father, James Jr., in 1958. In December of 2008, Haslam was approved by the NFL as a minority partner in the Steelers. The Steelers were forced to find new investors when members of the Rooney family ownership opted to sell. Haslam would have to divest of his Steelers’ stake, which wouldn’t be a complex transaction. The Haslam family is considered one of the wealthiest and most influential in the state of Tennessee. Bill Haslam, brother of Jimmy, current is the governor of Tennessee. Jimmy Haslam is one of biggest benefactors of the University of Tennessee. In 2006, the Haslam family’s gift of $32.5 million was the largest single donation in the university’s history. Haslam personally donated $10 million to his alma mater. Haslam was a starting tackle for University of Tennessee and graduated in 1952. A few years ago, he sought to buy the Tennessee Titans, but owner Bud Adams was not interested in selling. According to a source, Haslam is looking for a majority stake in the Browns – perhaps 100 percent – and there is a good possibility the Lerner family would have no partnership if a sale is completed. Forbes recently valued the Browns at $977 million, ranking 20th among all sports franchises estimated by the financial magazine. Forbes estimates the Haslam family is worth $3 billion. An NFL spokesman said, “We are aware of the discussions” of a sale of the Browns to Haslam, but deferred further comment to the Browns. The spokesman said the possibility of the Browns being relocated to Los Angeles has not been discussed. “I wouldn’t go down that road,” the league spokesman said. A message left for Haslam has not yet been returned. web page
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IMO, Multiple groups suddenly lining up are NOT looking to buy bits and pieces and I still dont think Randy would break it up!
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Grossi just had to bring up moving to L.A.
I am unfamiliar with this feeling of optimism
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If there is a guarantee that the Browns can't be moved then I don't care.
I dont want us blowing up the front office/coaches/rosters again...
I think that would be the dagger in my heart if it comes to that.
Fix what needs fixing and leave the rest alone.
I don't know about the majority of you, but speaking for myself ... this talk has damped my spirits a bit, just when they where getting high over the start of training camp. 
Just when it seemed like we might have some consistency from the top. 
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Well if they were going to make changes, it wouldn't be until after this season anyway. If we perform well, then that makes changes tougher.
I am unfamiliar with this feeling of optimism
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Grossi just had to bring up moving to L.A.
He does enjoy stirring the pot. 
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That, of course is my number one fear.
Seconded by the previously mentioned "blow it up and start over" course of action. Just when it seems things are beginning to head in the right direction.
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Grossi brought up the moving thing because that's been a concern voiced by a lot of listeners to WKNR today.
It's also been pointed out that the Browns are only 14 years into a 30-year lease, and its highly unlikely that the NFL would approve the breaking of the lease and moving of the team.
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Quote:
Well if they were going to make changes, it wouldn't be until after this season anyway. If we perform well, then that makes changes tougher.
Why would they have to wait until next season?
I personally don't want to go threw this coming season not knowing what the future holds for this team.
I mean if nothing is eminent, then why bring it up now?
I think we fans have suffered long enough and that they owe us enough not to drag this thing out over the course of the season.
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Haslam, 58, is president and CEO of Pilot Travel Centers, the nation’s largest retail operator of travel centers and truck-stops. The company was founded by his father, James Jr., in 1958.
I believe IIRC they also recently purchased Flying J too.
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It would seem that they would want to move a team to LA that has attendance issues.
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Frank Jackson already stating about the thirty year lease and the city would have recourse should they leave.
A bit soon for that IMO.
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So you really think it is possible they will start firing people now???
I am unfamiliar with this feeling of optimism
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So you really think it is possible they will start firing people now???
Gosh ... I hope that it doesn't come to that.
Anyway wouldn't any new owner (group) still need to honor the current FO/Presidents contracts?
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Frank Jackson already stating about the thirty year lease and the city would have recourse should they leave.
A bit soon for that IMO.
Still I don't like to be in the dark as far as knowing what the future holds.
If they blow this thing up again, now I might just be done with the NFL
(save for the Draft, because I'll never give up football it's in my blood/DNA) and my beloved Brownies.
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A bunch of repeated info in the article, but here's the new, important stuff: Quote:
CLEVELAND -- The Browns are close to being sold to Tennessee businessman Jimmy Haslam, a minority owner of the Steelers, and there's a guarantee the team won't move from Cleveland.
"An unconditional guarantee was given that the Browns would not move before talks could even start,'' a league source told the Plain Dealer.
Browns owner Randy Lerner, who shot down rumors over the past few months that the Browns were for sale, released a statement today saying he's in negotiations with Tennessee businessman Jimmy Haslam, a minority owner of the Steelers.
MKC
Last edited by Flap; 07/27/12 01:00 PM.
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If Joe Banner is a part of the new group, Heckert and Shurmur would be safe, assuming they are somewhat successful this year.
Banner was a part of Philly during Heckert and Shurmur's years.
you had a good run Hank.
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Someone needs to call Rush Limbaugh and see if he's in the group of potential buyers. If it hasn't been posted already, Fox Sports is reporting on this also. http://www.foxsportsohio.com/07/27/12/Cl...amp;feedID=3725
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Someone needs to change the thread title back to they ARE in the process of being sold . 
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Quote:
If Joe Banner is a part of the new group, Heckert and Shurmur would be safe, assuming they are somewhat successful this year.
Banner was a part of Philly during Heckert and Shurmur's years.
I think that's fair to assume then.
I would prefer that Big Mike would have the opportunity to see his 5 year plan threw also and enjoy in the fruits of his labor (we hope), but I don't see how that will be a guarantee with a new owner(s)
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And, the thread title is misleading -- by all accounts, the team is not being sold outright, this guy is just looking to invest.
Your wasting your breath on that one, most of these folks had picked sides and knew the truth about the OJ and Travon events before the authorities even arrived on the scene. Your not going to convince them that invest doesn't mean buy, move, improve and sell for a profit. 
We don't have to agree with each other, to respect each others opinion.
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If there is a guarantee that the Browns can't be moved then I don't care.
I dont want us blowing up the front office/coaches/rosters again...
Don't worry, it'll happen.
Stability is one thing we just cannot have here, not in any way.
Browns is the Browns
... there goes Joe Thomas, the best there ever was in this game.
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Quote:
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And, the thread title is misleading -- by all accounts, the team is not being sold outright, this guy is just looking to invest.
Your wasting your breath on that one, most of these folks had picked sides and knew the truth about the OJ and Travon events before the authorities even arrived on the scene. Your not going to convince them that invest doesn't mean buy, move, improve and sell for a profit.
Except in this case, it's pretty factual. The Browns are in the process of being sold.
you had a good run Hank.
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Quote:
Quote:
And, the thread title is misleading -- by all accounts, the team is not being sold outright, this guy is just looking to invest.
Your wasting your breath on that one, most of these folks had picked sides and knew the truth about the OJ and Travon events before the authorities even arrived on the scene. Your not going to convince them that invest doesn't mean buy, move, improve and sell for a profit.
Do you really believe that Lerner would make any such announcement for a minority sale?
If you do, then why so?
I would hope that he considered the effects this announcement would have on the fan base and weighed all of his options firstly.
With my new knowledge of his soccer teams financial loses over the past two years from the below post, then I could see a big incentive for Mr. Learner to try and recoup some of his losses and also I have always had questions as to where his heart laid anyways.
Last edited by FL_Dawg; 07/27/12 01:25 PM.
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Just so we are clear, there is no chance the team moves. With a long time lease, a city willing to sue over the city, and the NFL not wanting to lose the Cleveland market again. Plus, this isn't a Hollywood Starlet. This is a midwest guy. Cleveland Browns close to being sold to Tennessee businessman Jimmy Haslam III, team guaranteed not to move Published: Friday, July 27, 2012, 9:58 AM Updated: Friday, July 27, 2012, 12:51 PM By Mary Kay Cabot, The Plain Dealer Follow 124 Share Email Print AP Photo/Simon Dawson Randy Lerner is talking to investor Jimmy Haslam about a partnership in the Browns. CLEVELAND -- The Browns are close to being sold to Tennessee businessman Jimmy Haslam, a minority owner of the Steelers, and there's a guarantee the team won't move from Cleveland. "An unconditional guarantee was given that the Browns would not move before talks could even start,'' a league source told the Plain Dealer. Browns owner Randy Lerner, who shot down rumors over the past few months that the Browns were for sale, released a statement today saying he's in negotiations with Tennessee businessman Jimmy Haslam, a minority owner of the Steelers. The following is Lerner's full statement: "In connection with current rumors and press inquiries, I can report that I've been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns. We are currently in negotiations and both sides have agreed to keep that dialogue and its details private. Given that any transaction would require League approval, care has been taken so that this process will not be disruptive to the organization, in particular the football team, as it prepares for the upcoming season. We will share further details or make an announcement if it becomes necessary." Haslam is President of Pilot Flying J Travel Centers, the nation's largest retail operator of travel centers and truck stops. Howard Eskin of NBC 10 in Philadelphia is also reporting that he's hearing former Eagles president Joe Banner is one of the people involved with the group trying to buy the Browns. Eskin first reported in May that the Browns might be on the block, a report the team denied. Lerner didn't specify whether he'd be willing to sell the team outright or just a portion of it. Lerner also owns Aston Villa of the English Premier League, but a Villa insider told the Plain Dealer's Tom Reed that rumors Villa is for sale are false. Reed also reported that Villa lost $58 million and $85 million over the past two seasons. At a press conference last month, Browns President Mike Holmgren said "the Browns are not for sale.'' The Cleveland Browns, owned by Randy Lerner, are ranked by Forbes as the 30th most valuable sports team in the world, with a worth of $977 million. The Browns' value, however, is just the 20th highest among the NFL's 32 teams. Forbes ranks the 50 most valuable sports teams in the world. The two richest values belong to the famed soccer teams Manchester United ($2.23 billion) and Real Madrid ($1.88 billion). The top American teams are tied at No. 3: MLB's New York Yankees and the NFL's Dallas Cowboys at $1.85 billion each. The Browns, of course, have not been an artistic success in recent years, as Forbes notes. About the Browns' ranking, Forbes.com writes: The Browns have lost 67% of their games and made the playoffs just once since the franchise was reborn in Cleveland in 1999. The only team that has lost more games since is the Detroit Lions. Browns fans remain among the most loyal supporters in the NFL, allowing the team to charge one of the highest radio rights fees in football. The Browns hope stud running back Trent Richardson--the third pick in the 2012 draft--can turn around the team's fortunes. The Browns were 4-12 last season; the Lions, with a team considered one of football's most promising, were 10-6. MLB's Cleveland Indians and the NBA's Cleveland Cavaliers are not included in the top 50. However, no team from the Indians' American League Central Division nor the Cavs' Eastern Conference Central Division are on the list. The Browns' American Football Conference North Division rivals are all in the top 50: the Baltimore Ravens ($1.09 billion), 18th overall, 10th among NFL teams; the Pittsburgh Steelers ($1.02 billion), 21st overall, 13th among NFL teams; the Cincinnati Bengals ($875 million), 37th overall, 25th among NFL teams. The Ravens, of course, were the original Browns. Former owner Art Modell moved the Browns from Cleveland to Baltimore following the 1995 season. http://www.cleveland.com/browns/index.ssf/2012/07/cleveland_browns_owner_randy_l_3.html
you had a good run Hank.
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The Browns' value, however, is just the 20th highest among the NFL's 32 teams.
And I think in no small way attributable to us the Browns Fans less outsiders forget, because it's certainly not for the product that we have witnessed sense our return in 1999.
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Well .... an NFL team goes for whatever offer it will draw. A team can be ranked "20th" in value ...... but if it is the only team up for sale ...... then the price is whatever someone will pay.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
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I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns.
Someone help me out here,. if you read that clip from the Lerner Quote, where does it say the Browns are for sale?
How can this guy own part of the Browns and part of the steelers..
I was listening to the radio a moment ago and all they are talking about is that the Browns are for sale and the potential list of owners is growing by the moment LOL
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Well .... an NFL team goes for whatever offer it will draw. A team can be ranked "20th" in value ...... but if it is the only team up for sale ...... then the price is whatever someone will pay.
That's true with any business I guess.
Interesting that our whole division is rated in the top 34 in the world and that the Rat's would be worth more then the Steelers franchise ... I certainly would not have guest as much ((shrug)).
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I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns.
Someone help me out here,. if you read that clip from the Lerner Quote, where does it say the Browns are for sale?
How can this guy own part of the Browns and part of the steelers..
I was listening to the radio a moment ago and all they are talking about is that the Browns are for sale and the potential list of owners is growing by the moment LOL
Because if he bought the team outright then he is making an investment. Pretty much everyone is saying this is a sale and not a "partnership." Even league sources are saying that stipulations were made that in event the Browns are Sold they can not move the team from Cleveland. I don't think they would have talked about that if it wasn't an outright sale.
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Once again, will someone explain to me,, where it's been said that the Browns are totally up for sale? All I'm reading is, someone wants to make an investment in them...
I'll concede that this might be a smoke screen and that indeed the team is up for grabs.. Dunno. But nowhere does it say a complete sale to someone else.
Or did I just miss it
#GMSTRONG
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Quote:
Quote:
I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns.
Someone help me out here,. if you read that clip from the Lerner Quote, where does it say the Browns are for sale?
How can this guy own part of the Browns and part of the steelers..
I was listening to the radio a moment ago and all they are talking about is that the Browns are for sale and the potential list of owners is growing by the moment LOL
You know, it's possible to take offers and sell the Browns without the team being "for sale."
He cannot be both a part of the Browns and the Steelers, and apparently people with the Steelers are saying he's already started the process of having the Steelers buy his piece of the pie back.
Jay Schottenstein apparently wants to make a bid too, that was reported by Jim Donovan.
you had a good run Hank.
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Quote:
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I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns.
Someone help me out here,. if you read that clip from the Lerner Quote, where does it say the Browns are for sale?
How can this guy own part of the Browns and part of the steelers..
I was listening to the radio a moment ago and all they are talking about is that the Browns are for sale and the potential list of owners is growing by the moment LOL
He would have to sell those shares with the Steelers and that shouldn't be too hard (he might need to sale anyway to come up with enough combined funds for a majority purchase <speculation).
IMO you don't create a buzz such as this for a minority sale ... what would there be to gain? would it or should it even be considered news/announcement worthy then?
I'm sure that minority sales happen behind the scenes more then we know already.
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Jay Schottenstein apparently wants to make a bid too, that was reported by Jim Donovan.
And the plot thickens 
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