The sale of the Browns is laid out in two parts. Haslam will take over controlling interest of the Browns 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. Commissioner Roger Goodell could expedite the process by calling a special meeting, although that is considered unlikely.
http://espn.go.com/n....1b-sources-say
Edited by Trademark, 02 August 2012 - 10:23 AM.