Friday, August 3 2012 12:07 PM EDT2012-08-03 16:07:15 GMT
The Cleveland Browns team has a new owner. The sale from Randy Lerner was reported Thursday. Friday morning, Jimmy Haslam III was walking around the practice field checking out his billion dollar investment.CheckFull Story >
The Cleveland Browns team has a new owner. The sale from Randy Lerner was reported Thursday.Full Story >
Thursday, August 2 2012 7:12 PM EDT2012-08-02 23:12:43 GMT
James A. Haslam III, a Knoxville native, joined Pilot Corporation in 1976, a company his father, James A. Haslam II founded in 1958. During Haslam's career, Pilot Travel Centers has grown its annual gallonFull Story >
James A. Haslam III, a Knoxville native, joined Pilot Corporation in 1976, a company his father, James A. Haslam II founded in 1958.Full Story >
Thursday, August 2 2012 4:15 PM EDT2012-08-02 20:15:37 GMT
The Cleveland Browns are going through yet another shake-up…only this time it might be the best thing to happen to the team since it was bought by the Learner family back in 1998. News out of BereaFull Story >
The Cleveland Browns are going through yet another shake-up…only this time it might be the best thing to happen to the team since it was bought by the Lerner family in 1998.Full Story >
Thursday, August 2 2012 6:04 PM EDT2012-08-02 22:04:29 GMT
Cleveland Browns single-game tickets for all 2012 regular season home contests will be available for purchase on Wednesday, August 1 at 9 a.m. Single-game prices begin at $35, which include those in theFull Story >
Cleveland Browns single-game tickets for all 2012 regular season home contests are now available for purchase.Full Story >
Friday, July 27 2012 5:28 PM EDT2012-07-27 21:28:02 GMT
Good afternoon I'm Romona Robinson with 19 Action News. We are busy working on a number of stories tonight at 6 o'clock. We continue to follow the breaking news surrounding our Cleveland Browns. TheFull Story >
Good afternoon I'm Romona Robinson with 19 Action News. We are busy working on a number of stories tonight at 6 o'clock. We continue to follow the breaking news surrounding our Cleveland Browns.Full Story >
Friday, July 27 2012 9:37 PM EDT2012-07-28 01:37:36 GMT
The judge involved in the Cleveland Browns' 1995 move to Baltimore, Maryland spoke exclusively to 19 Action News today. Former Judge Ken Callahan opened up to Ed Gallek about making a tough call. InFull Story >
The judge involved in the Cleveland Browns' 1995 move to Baltimore, Maryland spoke exclusively to 19 Action News today.Full Story >
Saturday, March 8 2014 9:15 AM EST2014-03-08 14:15:16 GMT
Olympic bronze medalist Nick Goepper. File photo
Nick Goepper's hometown of Lawrenceburg, Ind. and Perfect North Slopes are hosting a parade and celebration for the 2014 Winter Olympic bronze medalist on Saturday. The parade starts at 10:30 a.m. on WalnutFull Story >
Nick Goepper's hometown of Lawrenceburg, Ind. and Perfect North Slopes are hosting a parade and celebration for the 2014 Winter Olympic bronze medalist on Saturday.Full Story >
Haslam is no stranger to the NFL. In 2008, he became a minority owner of the Pittsburgh Steelers. Haslam will have to sell his share of the Steelers before the sale becomes official.
"This is a very exciting time for my family and me," said Haslam. "To own such a storied franchise as the Cleveland Browns, with its rich tradition and history, is a dream come true. We are committed to keeping the team in Cleveland and seeing it get back to the elite of the NFL – something all Browns fans want and deserve. We plan to bring relentless dedication and hard work to every aspect of this organization, and we look forward to getting to know this team and community as quickly as possible. Our family is committed to becoming an integral part of the Cleveland community. We also want to thank Randy Lerner for his friendship, counsel and support during this process."
The deal will start with a $700 million purchase then Haslam will pay Lerner over $300 million at a later date to complete the deal.
The deal won't become official until the NFL owners meet in October. They will have to approve the sale to Haslam.
The news was first reported by Adam Schefter of ESPN on Twitter. Schefter tweeted, "the sale of Browns is now official and complete. Randy Lerner sold them to Jimmy Haslam for in excess of $1 billion."
Statement from Randy Lerner:
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. 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. As I was at first overwhelmed, I asked for a few days to consider the proposal during which time I consulted with my mother and sister. Over this short period we agreed that the proposal was strong, the buyers made sense and the time was right for us to move on. Going forward, we anticipate that the League will meet and vote on the deal and the closing is expected to follow shortly thereafter. During this time the organization will operate as it has in the past with all senior executives in place. While a statement like this is certainly part of the process, it couldn't possibly capture my feelings towards the Browns and the many people whom I feel very strong about. Those feelings therefore will need to be expressed in person. Notwithstanding, I feel a deep debt of gratitude to the loyal and passionate fan base, as well as the people I've met and worked with over the years. It has been a privilege to be involved with the Cleveland Browns and my only hope is that the Haslam family has the best of luck and that the Browns are restored to their rightful place among NFL Champions.
Randy Lerner assumed control of the Browns in October 2002 following the death of his father, Al. The National Football League awarded the Cleveland franchise to Al Lerner on September 8, 1998. The formal transfer of ownership from the Browns Trust to Lerner took place on October 23, 1998.
Tuesday, April 20 2010 11:21 PM EDT2010-04-21 03:21:00 GMT
31 people are in trouble with the law after a three day prostitution sting in Richmond. Police told NBC12 they targeted specific areas where residents and business owners complained about the illegal activity.Full Story >
Friday, March 7 2014 8:01 PM EST2014-03-08 01:01:45 GMT
Police say that one person is dead following a shooting in Over the Rhine on Friday afternoon. The shooting happened around 5 p.m. Friday on Hamer Street. Little information is known at this time.Full Story >
Police say that a 22-year-old man was shot and killed in Over the Rhine while fixing his car on Friday evening. Full Story >
Friday, March 7 2014 3:59 PM EST2014-03-07 20:59:17 GMT
A local marine is dead after a shooting in southern California on Sunday evening. Police say that 26-year-old Steven Kohus, of Morrow, Ohio, was pronounced dead at the scene in Twentynine Palms, Calif. OfficersFull Story >
A local Marine is dead after a shooting in southern California on Sunday evening. Police say that 26-year-old Steven Kohus, of Morrow, Ohio, was pronounced dead at the scene in Twentynine Palms, Calif.Full Story >
Malaysia Airlines says it has lost contact with a plane carrying 227 passengers and 12 crew on route from Kuala Lumpur to Beijing.Full Story >
A Malaysia Airlines Boeing 777-200 carrying 239 people lost contact over the South China Sea early Saturday morning on a flight from Kuala Lumpur to Beijing, and international aviation authorities still hadn't located...Full Story >
China's foreign minister sounded a note of defiance to the country's neighbors Saturday over rival territorial claims, and said good relations with Washington depend on mutual respect.Full Story >
China will never make concessions in territorial disputes with its neighbors, while good relations with the U.S. depend on Washington respecting Beijing's sovereignty claims, Foreign Minister Wang Yi said Saturday.Full Story >
Thursday, February 3 2011 5:19 PM EST2011-02-03 22:19:13 GMT
New details have been released on a large drug sweep in Pierce Township, Clermont County. On Wednesday, a total of 17 people were indicted by a grand jury on 46 charges related to trafficking in drugs.Full Story >