ESPN.com's Kristi Dosh takes a look at the sale of the Browns:
The Cleveland Browns reportedly have been sold to Jimmy Haslam for more than $1 billion, and experts say it’s a fair deal for all involved, with room for Haslam to get a good return on his investment in the future.
“I think it’s right where you’d expect it to be,” sports economist Andrew Zimbalist said of the sale price, of which $700 million will be paid to take over controlling interest and another $300 million to close the deal.
“The typical revenue multiple in NFL is around four,” said Zimbalist. He estimated the Browns’ revenue at $250 million per year, which would put the sale price right in the predictable range.
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