Sources: Browns sold for over $1B
Randy Lerner has reached a deal to sell the Cleveland Browns to truck-stop magnate Jimmy Haslam.
The deal is worth more than $1 billion, league sources said.
The sale of the Browns is laid out in two parts. Haslam will take over controlling interest of the Browns for more than $700 million. Then, in the second phase of the purchase, he will pay more than $300 million to complete the deal.
"This is a very exciting time for my family and me," Haslam said through the ...
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