NFL Browns Sold to Haslam for More Than $1 Billion, ESPN Reports

NFL Browns Sold to Haslam for More Than $1 Billion, ESPN Reports
Peyton Hillis of the Cleveland Browns carries the ball against the Baltimore Ravens in Baltimore. Photographer: Rob Carr/Getty Images

Aug. 2 (Bloomberg) -- Randy Lerner sold the Cleveland Browns to James Haslam III for more than $1 billion, ESPN reported, citing an unidentified National Football League executive.

Haslam is a part owner of the Pittsburgh Steelers and president of Pilot Travel Centers LLC, the nation’s largest operator of travel centers and truck stops. He is also the brother of Tennessee Governor Bill Haslam.

Browns spokesman Neal Gulkis declined comment.

Lerner, 50, who also owns the Aston Villa soccer club, said last week he was talking to Haslam about “making an investment” in the team and he would share further details at a later date.

To contact the reporter on this story: Aaron Kuriloff in New York at akuriloff@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net