News
9:44 am
Fri August 3, 2012

Lerner Sells Cleveland Browns

Cleveland Browns owner Randy Lerner has reached a deal to sell the team to Tennessee truck-stop magnate Jimmy Haslam for more than 1-billion dollars. The price nearly double what Lerner's late father Al paid for the team in 1998. Cleveland Plain Dealer sports columnist Terry Pluto says that is due to a number of factors. A majority of NFL owners still must approve the sale. The Browns have had two winning seasons and one playoff appearance in 13 seasons of Lerner family ownership.