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 >
Thursday, May 23 2013 8:13 AM EDT2013-05-23 12:13:17 GMT
A 9-year-old Cincinnati boy is one of four finalists in the Secret Millionaires Club 'Grow Your Own Business Challenge.' Almost 4,000 kids ages 7 to 16 entered their creative business ideas to the competitionFull Story >
A Cincinnati boy is the grand prize winner in Warren Buffett's 'Grow Your Own Business Challenge.' Full Story >
Thursday, May 23 2013 7:41 AM EDT2013-05-23 11:41:54 GMT
A two-family home in Norwood has been evacuated due to a large sinkhole in the basement. Police say a 25-foot hole has opened in the building in the 1900 block of Maple Avenue. Two people living on theFull Story >
A two-family home in Norwood has been evacuated due to a large sinkhole in the basement.Full Story >
Thursday, May 23 2013 7:30 AM EDT2013-05-23 11:30:45 GMT
Construction is nearly completion at U Square @ the Loop. The 4.2 acre strip of land along McMillan Avenue has seen an impressive transformation since its groundbreaking in January 2012. U Square @ theFull Story >
Construction is nearly completion at U Square @ the Loop.Full Story >
Thursday, May 23 2013 7:26 AM EDT2013-05-23 11:26:07 GMT
A Lower Price Hill man is arrested on rape charges. Police say Shyon Clark, 28, engaged in sexual conduct with a 10-year-old girl. He is expected to appear in court on Thursday. Copyright 2013 WXIX.Full Story >
A Lower Price Hill man is arrested on rape charges.Full Story >
BEREA, OH (WOIO) -
Browns new owner, Jimmy Haslam III hits the practice field in Berea. Haslam showed up today for training camp.
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, May 21 2013 10:31 PM EDT2013-05-22 02:31:55 GMT
The claim that the ongoing IRS scandal is limited to low level employees is falling apart. The six Cincinnati workers we have identified, who sent scrutinizing letters to conservative groups with wordsFull Story >
The claim that the ongoing IRS scandal is limited to low level employees is falling apart. Full Story >
Monday, May 20 2013 5:09 PM EDT2013-05-20 21:09:30 GMT
A Warren County government office is evacuated after a suspicious powder is found. The Health and Human Services Center building on East Street in Lebanon was evacuated just after 11:00 on Monday. PoliceFull Story >
Police say that HAZMAT crews and the FBI were called to investigate the powder. The FBI has since left. Full Story >
An Oregon girl abducted as a baby and missing for 18 years finally emerged in Dallas this week when her mother turned herself in to authorities, according to the Polk County Sheriff's Department. Full Story >
An Oregon girl abducted as a baby and missing for 18 years finally emerged in Dallas this week when her mother turned herself in to authorities, according to the Polk County Sheriff's Department.Full Story >
Tuesday, May 21 2013 7:20 PM EDT2013-05-21 23:20:28 GMT
The Cincinnati Tea Party announced that it will protest the IRS on Tuesday over the targeting of liberty groups regarding their tax status. The protest will begin at Fountain Square at noon on TuesdayFull Story >
The Cincinnati Tea Party protested the IRS on Tuesday over the targeting of liberty groups regarding their tax status. Full Story >
Monday, May 20 2013 9:21 AM EDT2013-05-20 13:21:47 GMT
WILMINGTON, NC (WECT) - An Army wife who lost over 100 pounds while her husband was away in Afghanistan surprised the soldier Wednesday when he arrived at Wilmington International Airport. Misty Shaffer,Full Story >
A soldier from Wilmington returns from Afghanistan to a big surprise: a new wife, a new house and a different child.Full Story >
Wednesday, May 22 2013 4:39 PM EDT2013-05-22 20:39:05 GMT
Brandon Phillips bounced a bizarre double over first base to snap a ninth-inning tie, and the Cincinnati Reds completed a three-game sweep of the struggling New York Mets with a 7-4 victory Wednesday. JoeyFull Story >
Brandon Phillips bounced a bizarre double over first base to snap a ninth-inning tie, and the Cincinnati Reds completed a three-game sweep of the struggling New York Mets with a 7-4 victory Wednesday.Full Story >
Monday, May 6 2013 1:29 PM EDT2013-05-06 17:29:07 GMT
A man charged with public indecency is expected to appear in court. Police say 36-year-old Jason Fletcher and Laura Oditt engaged in sexual conduct in a public place. The location is not named in courtFull Story >
A man charged with public indecency is expected to appear in court.Full Story >
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