|
|
Joined: Sep 2006
Posts: 2,877
Dawg Talker
|
Dawg Talker
Joined: Sep 2006
Posts: 2,877 |
Quote:
KNR may be jumping the gun but they are reporting its a sale and they say theyre in touch with Berea. Who knows the truth.
WKNR is notoriously negative about the Browns. I doubt, seriously, if they know the truth.
"People who drink light 'beer' don't like the taste of beer; they just like to pee a lot."
|
|
|
|
|
Joined: Apr 2007
Posts: 8,767
Hall of Famer
|
|
Hall of Famer
Joined: Apr 2007
Posts: 8,767 |
Rizzo is usualy failry tempered but we all know that Browns news is like gasoline on a fire in this city!
|
|
|
|
|
Joined: Apr 2007
Posts: 8,767
Hall of Famer
|
|
Hall of Famer
Joined: Apr 2007
Posts: 8,767 |
Lerners statement sounds like a sale in negotiation. 
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
lol, who put the NOT in the title?
Whatever, believe what you want to believe.
you had a good run Hank.
|
|
|
|
|
Joined: Sep 2006
Posts: 50,419
Legend
|
|
Legend
Joined: Sep 2006
Posts: 50,419 |
Quote:
Lerners statement sounds like a sale in negotiation.
Hell, I'm not worried about Lerner selling the team. Maybe a new owner will have better luck and finally get this thing turned around.
That being said, I doubt that Lerner sells a controlling interest in the team .... but I wouldn't be surprised to see a 10-20% investment that would plow some cash into the team. After all, Lerner is out of the credit card business, and other formerly highly profitable ventures.
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.
|
|
|
|
|
Joined: Sep 2006
Posts: 582
All Pro
|
|
All Pro
Joined: Sep 2006
Posts: 582 |
Quote:
Lerners statement sounds like a sale in negotiation.
Mutt, i agree. The more i read about it and think about it, i agree. Why would he sell Steelers ownership and buy Browns ownership as a financial gambit-more likely he's planning to move up from an investor to an owner..
|
|
|
|
|
Joined: Sep 2006
Posts: 9,806
Hall of Famer
|
|
Hall of Famer
Joined: Sep 2006
Posts: 9,806 |
Quote:
group buy? I have 6$ on me
It will be interesting to see how things go...
I will match your $6, heck mark me down for $10.
If we can't get Learner to sell the browns to us I say we go after the Steelers. Then trade any player we want to the Browns for pennies on the dollar  improving the Browns and effectively crippling the Steelers franchise for decades!
Am I perfect? No
Am I trying to be a better person?
Also no
|
|
|
|
|
Joined: Apr 2007
Posts: 8,767
Hall of Famer
|
|
Hall of Famer
Joined: Apr 2007
Posts: 8,767 |
I dont think for a minute he'd piece meal this cash cow! Why would he need to do that?!
Reports are Norma Lerner will influence the decision. That they were approached to sell and are listening/negotiating.
|
|
|
|
|
Joined: Mar 2007
Posts: 10,870
Legend
|
|
Legend
Joined: Mar 2007
Posts: 10,870 |
Soon the title/headlines are going to read Factory of Sadness being sold to Steelers. I will let this play out a little longer. 
You know my love will Not Fade Away.........
#gmSTRONG
|
|
|
|
|
Joined: Nov 2006
Posts: 5,521
Hall of Famer
|
|
Hall of Famer
Joined: Nov 2006
Posts: 5,521 |
Quote:
That being said, I doubt that Lerner sells a controlling interest in the team .... but I wouldn't be surprised to see a 10-20% investment that would plow some cash into the team.
Why would this guy want to sell his minority stake in a valuable franchise in order to buy a minority stake in a less valuable franchise?
It's majority ownership or nothing at all, as far as I can tell.
|
|
|
|
|
Joined: Sep 2006
Posts: 28,166
Legend
|
Legend
Joined: Sep 2006
Posts: 28,166 |
A few things:
As has already been mentioned, he has a stake in PITT, so he cannot buy here without selling there.
This could mean that we're simply viewed as a better long-term investment (we *should* be a team on the rise, so the fanbase should be expanding and merch sales should be exploding), it could just mean that he may be able to get a larger stake here than he has there.
Except for dill holes like Roda, nowhere has anything more than a STAKE in the team been reported as far as what is being sold.
My guess is that this is no different than a team like Miami selling tons of minority stakes in the team. The owner gets to recoup a quick chunk of cash.
Browns is the Browns
... there goes Joe Thomas, the best there ever was in this game.
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
And this guy also tried to buy a majority shares in the Steelers, and they turned him down.
You don't release a press statement for a minority share of the Browns.
you had a good run Hank.
|
|
|
|
|
Joined: Apr 2007
Posts: 8,767
Hall of Famer
|
|
Hall of Famer
Joined: Apr 2007
Posts: 8,767 |
Quote:
Quote:
That being said, I doubt that Lerner sells a controlling interest in the team .... but I wouldn't be surprised to see a 10-20% investment that would plow some cash into the team.
Why would this guy want to sell his minority stake in a valuable franchise in order to buy a minority stake in a less valuable franchise?
It's majority ownership or nothing at all, as far as I can tell.
 Exactly!
|
|
|
|
|
Joined: Sep 2006
Posts: 50,419
Legend
|
|
Legend
Joined: Sep 2006
Posts: 50,419 |
Quote:
Quote:
Lerners statement sounds like a sale in negotiation.
Mutt, i agree. The more i read about it and think about it, i agree. Why would he sell Steelers ownership and buy Browns ownership as a financial gambit-more likely he's planning to move up from an investor to an owner..
If a guy can own 2% in one team, but can get 10-20% in a different team, with perhaps even a right of first refusal on any future sale, then why wouldn't a person buy in .... even if they have to sell off stock in a different team.
That being said, The city is supposed to have a rock solid 30 year lease with the Cleveland Browns ... so they aren't going anywhere. If a new guy wants to come in and buy the team, then fine. The Browns pay a whopping $250,000/year for the stadium, and sell out each and every game.
However, with Lerner having asked the city to advance sin tax money for stadium repairs, and other recent actions make me wonder if Lerner might not have taken a financial beating somewhere along the line. He might feel that he needs a cash infusion.
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.
|
|
|
|
|
Joined: Sep 2006
Posts: 28,166
Legend
|
|
Legend
Joined: Sep 2006
Posts: 28,166 |
Quote:
Quote:
That being said, I doubt that Lerner sells a controlling interest in the team .... but I wouldn't be surprised to see a 10-20% investment that would plow some cash into the team.
Why would this guy want to sell his minority stake in a valuable franchise in order to buy a minority stake in a less valuable franchise?
It's majority ownership or nothing at all, as far as I can tell.
Depends on the size of the minority stake, doesn't it?
He may only have 5% there and might be able to get 10% here.
Browns is the Browns
... there goes Joe Thomas, the best there ever was in this game.
|
|
|
|
|
Joined: Apr 2007
Posts: 8,767
Hall of Famer
|
|
Hall of Famer
Joined: Apr 2007
Posts: 8,767 |
TV contract in place...check
Labor peace for 10 years...check
Huge money maker franchise...check
You try to buy it. The ultimate millionaires club!
|
|
|
|
|
Joined: Sep 2006
Posts: 7,531
Hall of Famer
|
|
Hall of Famer
Joined: Sep 2006
Posts: 7,531 |
Somewhere out there Versatile Dawg is doing cartwheels.
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
I hate to tell you this, but Grossi and McManamon are both saying that this is a majority sale, not minority sale.
Whether this is a group sale or just Haslam, no one knows.
you had a good run Hank.
|
|
|
|
|
Joined: Sep 2006
Posts: 28,166
Legend
|
|
Legend
Joined: Sep 2006
Posts: 28,166 |
Haven't seen that reported, yet.
Browns is the Browns
... there goes Joe Thomas, the best there ever was in this game.
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
you had a good run Hank.
|
|
|
|
|
Joined: Sep 2006
Posts: 28,166
Legend
|
|
Legend
Joined: Sep 2006
Posts: 28,166 |
If it isn't solid enough to be able to be posted here, I'm not interested.
Browns is the Browns
... there goes Joe Thomas, the best there ever was in this game.
|
|
|
|
|
Joined: Nov 2006
Posts: 5,521
Hall of Famer
|
|
Hall of Famer
Joined: Nov 2006
Posts: 5,521 |
Quote:
Quote:
Quote:
That being said, I doubt that Lerner sells a controlling interest in the team .... but I wouldn't be surprised to see a 10-20% investment that would plow some cash into the team.
Why would this guy want to sell his minority stake in a valuable franchise in order to buy a minority stake in a less valuable franchise?
It's majority ownership or nothing at all, as far as I can tell.
Depends on the size of the minority stake, doesn't it?
He may only have 5% there and might be able to get 10% here.
That's part of it. It also depends on the long term prospects of the franchise. I doubt you could find anybody who would tell you that buying a share in a franchise that's seen as much turmoil as the Browns have over the past two decades is a better bet than buying into one that has been an icon of stability for the past 40 years.
I also don't believe that anybody would be drumming up fanfare for a guy buying a 5 or 10% share of a bad football team.
|
|
|
|
|
Joined: Jan 2007
Posts: 3,643
Hall of Famer
|
|
Hall of Famer
Joined: Jan 2007
Posts: 3,643 |
J/C
This will be the year the team turns a corner, and it will be attributed to a new owner...
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
It's not my fault that twitter cannot be post here. Does that make it any less reliable? It's still the same person.
you had a good run Hank.
|
|
|
|
|
Joined: May 2008
Posts: 8,660
Hall of Famer
|
|
Hall of Famer
Joined: May 2008
Posts: 8,660 |
Quote:
Unless he has to sell his stake in the Steelers, I'd be surprised if this is allowed by the league.
I mean, seriously, talk about a complete conflict of interest.... not to mention, has ANYONE, EVER, been allowed to own even a minority part of more than one franchise -- and aren't there actually rules against that??
I think that there is such a rule and that he would have to sell his shares with the Steelers.
|
|
|
|
|
Joined: Feb 2007
Posts: 13,358
Legend
|
|
Legend
Joined: Feb 2007
Posts: 13,358 |
lol do you know who owns this site?
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
Yes.
I still have an issue that we cannot use Twitter, but this is not the time and place to do this.
you had a good run Hank.
|
|
|
|
|
Joined: Apr 2007
Posts: 8,767
Hall of Famer
|
|
Hall of Famer
Joined: Apr 2007
Posts: 8,767 |
LOL!
Lerners statement says enough. An investment could be anywhere from a small percentage to total ownership. He has protocol to follow and he'll not break it.
It's a wait and see thing. I'm interested to what's going on on the field starting tomorrow!
|
|
|
|
|
Joined: May 2008
Posts: 8,660
Hall of Famer
|
|
Hall of Famer
Joined: May 2008
Posts: 8,660 |
Quote:
I hate to tell you this, but Grossi and McManamon are both saying that this is a majority sale, not minority sale.
Whether this is a group sale or just Haslam, no one knows.
I think that the obvious 'next' question should be why the interest? Do they feel that this franchise is on it's way up from the ashes?
|
|
|
|
|
Joined: Feb 2007
Posts: 13,358
Legend
|
|
Legend
Joined: Feb 2007
Posts: 13,358 |
I don't think NFL teams are available for sale every day. I think if you're an NFL fan and you grew up somewhere other than a city with it's own NFL team, you'd jump at the chance to buy any team.
I mean, heck... some guy just bought the Jaguars last year. The Jaguars.
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
j/c Report: Joe Banner is part of group buying Browns Posted by Mike Florio on July 27, 2012, 11:50 AM EDT AP The guy who put the Browns on the list of teams that former Eagles president Joe Banner could be targeting has now put Eagles president Joe Banner on the list of people who could be buying the Browns. Howard Eskin of NBC 10 in Philly, who said that Banner would target the Bills, Browns, or Rams reports via Twitter that Banner is part of the group that will be led by Steelers minority owner Jimmy Haslam. Eskin says there’s a “long way to go” on this one. But if Banner has a role in acquiring the team, he presumably will have a role in running it. Why, after all, would he waste those 18 years of experience leading the Eagles through the salary-cap era? And that, of course, invites speculation as to the future of team president Mike Holmgren. Hired by current Browns owner Randy Lerner to serve as a surrogate owner of sorts, Haslam may not need a front man — and he may not need a president if Banner gets the title. Of course, that’s not necessarily bad news for G.M. Tom Heckert or coach Pat Shurmur, both of whom worked for Banner and the Eagles. Then again, Banner told PFT Live last month that he’s ideally looking for a place that needs a dramatic turnaround. And it’s not really a turnaround if new ownership turns around and keeps the current G.M. and head coach. Regardless of how it all turns out, things are getting interesting in a city that hasn’t been able to generate much of it lately. http://profootballtalk.nbcsports.com/2012/07/27/report-joe-banner-is-part-of-group-buying-browns/
you had a good run Hank.
|
|
|
|
|
Joined: Apr 2007
Posts: 8,767
Hall of Famer
|
|
Hall of Famer
Joined: Apr 2007
Posts: 8,767 |
I'm thinking I'd rather stick it out as we are...
|
|
|
|
|
Joined: Feb 2007
Posts: 3,405
Hall of Famer
|
|
Hall of Famer
Joined: Feb 2007
Posts: 3,405 |
Quote:
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."
"My signature line goes here."
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
j/c again Possible Browns owner Haslam has been a minority owner of the Steelers since 2008 Posted by Mike Florio on July 27, 2012, 10:18 AM EDT Getty Images In the luxury-suite equivalent of a player leaving one team and signing with a division rival, Jimmy Haslam is in the process of flip-flopping from the Steelers to the Browns. Haslam became a minority owner of the Steelers in 2008, as part of a protracted, gambling-driven Rooney family restructuring that left Dan and Art II owning 30 percent of the franchise and others owning the rest. In December 2008, Haslam, the Paul family, and film executive Thomas Tull (who was responsible for The Dark Knight Rises being partially filmed in Pittsburgh and at Heinz Field) were approved to purchase part of the 50 percent that was sold as part of the buyout of various Rooney siblings. Several months later, others joined the ownership group, including John Stallworth. The Steelers have not yet addressed whether and to what extent Haslam is in the process of selling his minority interest in the Steelers. If he buys the Browns, he’ll undoubtedly have to give up his interest in the Steelers. In a 2010 investor profile on the Steelers website, Haslam says he was originally a Cowboys fan and later a Colts fan. But business developments caused him to have a change of heart. “I am 1,000 percent a Steelers fan!” Haslam declared. That’s exactly what Browns fans are going to want to hear. UPDATE 10:31 a.m. ET: Per a league source, the Steelers privately are acknowledging that Haslam is in negotiations with the Browns. Haslam remains for now a minority owner of the Steelers. Coincidentally, 25 percent of the Browns’ 2012 schedule will be played against Haslam’s current and former favorite teams. http://profootballtalk.nbcsports.com/201...ers-since-2008/
you had a good run Hank.
|
|
|
|
|
Joined: Sep 2006
Posts: 880
All Pro
|
|
All Pro
Joined: Sep 2006
Posts: 880 |
Quote:
"Invest" can mean a lot of different things, for sure. I think it would be best to wait and see what actually happens before planning that jump from the Terminal Tower. 
Lerner is a Browns fan and it hasn't gotten us squat! Hell, I'd take Modell or his family back if ith meant having a winner again in Cleveland. I don't give a rat's behind who they are fans of...just that we have a winning organization. Any anyone ripping this guy for being a fan of multiple teams let's look at this - Cowboys (Multiple Superbowls), Colts (Superbowl in last 5 years), Steelers (Multiple Superbowls).
And they won a Superbowl after he switched from being a Colts or Cowboys fan to being a Steelers invester/fan. Hell, he can keep rooting for the Steelers if it gets us to the Superbowl.
|
|
|
|
|
Joined: Sep 2006
Posts: 1,111
Dawg Talker
|
|
Dawg Talker
Joined: Sep 2006
Posts: 1,111 |
Quote:
I'm thinking I'd rather stick it out as we are...
Yeah, that's not exactly giving me a warm and fuzzy feeling...
Crowded elevators smell different to short people...
|
|
|
|
|
Joined: Sep 2006
Posts: 4,563
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 4,563 |
j/c Cleveland Browns discussing possible sale Join the conversation The Cleveland Browns are very close to being sold to a minority owner of the Pittsburgh Steelers. The sale of the team to Tennessee businessman Jimmy Haslam is well down the road. The Steelers acknowledged the discussions but had no further comment. A source with close knowledge of the talks said that Lerner insisted upon “a complete and unconditional personal assurance that the team can never be moved from the city of Cleveland before he heard any details of the proposal.” Other details of the sale were not known. Lerner dropped the bombshell Friday morning in a rare statement that came from him personally. Though Lerner did not say it directly, two league sources said logic would indicate Lerner is talking about selling the team. They pointed out that Lerner is a publicly cautious man who would never release a statement like he did without it being serious and credible. It also would be highly unlikely and illogical that a minority owner of one team would sell his interest in the team to become a minority owner of another. When the sale is completed, the tenure of Lerner and his family would end. Lerner's statement read: “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.” The Lerner family has owned the Browns since Al Lerner brought the team back in 1999. Randy took over running the team when his died in 2002. Haslam owns and operates the Pilot Travel Centers, the largest operator of truck stops and travel center in the country. He has been a minority partner in Pittsburgh since 2008. http://www.foxsportsohio.com/07/27/12/Cl...amp;feedID=3724
you had a good run Hank.
|
|
|
|
|
Joined: Oct 2006
Posts: 11,849
Legend
|
|
Legend
Joined: Oct 2006
Posts: 11,849 |
If there is a guarantee that the Browns can't be moved then I don't care.
|
|
|
|
|
Joined: Jan 2007
Posts: 3,643
Hall of Famer
|
|
Hall of Famer
Joined: Jan 2007
Posts: 3,643 |
Quote:
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...
|
|
|
|
|
Joined: Jan 2007
Posts: 2,936
Hall of Famer
|
|
Hall of Famer
Joined: Jan 2007
Posts: 2,936 |
Quote:
If there is a guarantee that the Browns can't be moved then I don't care.
X 2
[color:"white"]"Never argue with a fool, onlookers may not be able to tell the difference."
-- Mark Twain [/color]
|
|
|
DawgTalkers.net
Forums DawgTalk Pure Football Forum Browns are in the process of being
sold
|
|
![[Linked Image from dcptest.com]](http://www.dcptest.com/kelly64.jpg)
![[Linked Image]](http://www.dawgtalkers.net/uploads/FL_Dawg/Logo5_1.gif){kind=logo}
![[Linked Image from thumb0.webshots.net]](http://thumb0.webshots.net/t/34/34/0/73/58/2594073580091396520Miskbz_th.jpg)
![[Linked Image from i.ibb.co]](https://i.ibb.co/6WV79RV/Browns-Coach-Sig.png)