Rumors have been circulating that the Cleveland Browns are for sale, and though the team has denied that in the past, owner Randy Lerner released a statement indicating that he and Jimmy Haslam, founder of the Pilot Corporation, are negotiating an "investment" in the team.
"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."
It's not clear what "investment" means. Is he selling the entire team? Or just a small share? Who will be the majority owner?
As recently as June, the Browns said the team is not for sale.