Sources: Browns Sold For Over $1B
Oct 31, 2014 8:51 AM
The Browns have been sold by Randy Lerner to Jimmy Haslam for more than $1 billion, according to league sources.
The sale of the franchise is laid out in two parts.
Haslam will take over controlling interest for over $700 million. Then, in the second phase of the purchase, he will pay over $300 million to complete the deal.
NFL ownership is expected to approve Haslam's purchase at its October meeting.
Adam Schefter/ESPN.com
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