Haslam Agrees to Buy Browns for More Than $1 Billion
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James Haslam III, a minority owner of the Pittsburgh Steelers, agreed to buy the Cleveland Browns for more than $1 billion, according to a person with direct knowledge of the sale who requested anonymity.
Haslam bought 70 percent of the Browns, who last made the playoffs in 2002, from Randy Lerner, the Associated Press reported. Forbes in September valued Cleveland at $977 million, ranking it 20th of 32 National Football League teams.