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Browns sale looks like a fair deal

8/2/2012

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.

Read the rest of the story here.