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[Trademark]

The Cleveland Browns have been sold by Randy Lerner to Jimmy Haslam for in excess of $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 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.

[Jittery Blanket]

Noooooooooooooooooooooo!! This is terrible news!!!