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Friday, July 27, 2012

Randy Lerner in Talks to Sell Cleveland Browns

Posted By on Fri, Jul 27, 2012 at 9:56 AM

randy-lerner.jpg

The rumors have been around for a couple of months now, and they hit a high mark when WKNR's Tony Rizzo blasted them out on the airwaves this morning. Is Randy Lerner looking to sell the Browns?

Turns out, the answer is yes. Though right now the language used by the team, which confirmed the rumors, is veering toward "investment."

Mr. Lerner released this statement this morning:

"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."

Haslam is the CEO of the Pilot Corporation.

Haslam previously was an investor of the Pittsburgh Steelers.

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