Chicago Illinois. The 32 owners of the National Football League have approved the sale of the Cleveland Browns to Jimmy Haslam on Tuesday. The current president of the teamwill retire at the end of the current football season. Joe Banner will become the new Browns president and chief executive officer Haslam said.
Haslam will close out the deal to purchase the Browns from current owner Randy Lerner on October 25. Banner will take over as team president on October 25. Holmgren will help in the transition of the team to the new officials after October 25.
Holmgren has been with the Browns organization since 2010. He was instrumental in the hiring of current head coach Pat Shurmur.
Haslam bought the Browns from Randy Lerner for $1 billion dollars. The National Football League owners approved the sale by a unanimous vote of 32-0. Haslam made his money as owner of Pilot Flying J Truck Stops. Haslam was a minority owner of the Browns rival Pittsburgh Steelers before he bought the Browns franchise.
Harlem and Lerner in August agreed to buy the team. Harlem said his mission is to make the Browns a winning franchise again. The Browns have the postseason only once since they returned to the National Football League in 1999.
The fate of current coach Pat Shurmur and general manager Tom Heckett who were hired by Holmgren remains unclear at this time.
News sources Ed Werner, ESPN.com and Associated Press