Browns Owner Talking To Jimmy Haslam About 'Investment' In Team

Nov. 30, 2004; Berea, OH, USA; Cleveland Browns owner Randy Lerner speaks to the media about the resignation of Butch Davis and the naming of Terry Robiskie as the interm head coach of the Cleveland Browns at the Cleveland Browns training facility. Former

Browns owner Randy Lerner released a statement announcing that he was in negotiations with Jimmy Haslam to purchase an "investment" in the team.

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.

For more on the Browns, visit Dawgs By Nature and SB Nation Cleveland.

Check out the SB Nation Channel on YouTube

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.