NFL owners approve the sale of the Cleveland Browns to Jimmy Haslam

NFL owners approve the sale of the Cleveland Browns to Jimmy Haslam

Chicago : IL : USA | Oct 16, 2012 at 11:46 AM PDT
Views: Pending
Jimmy Smith - Chicago Serenade

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 team Mike Holmgren will 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, and Associated Press

George Vieto is based in Lake Charles, Louisiana, United States of America, and is a Reporter on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

News Stories

  • Browns sale to Haslam approved; Holmgren to leave

      Miami Herald
    The sale of the Cleveland Browns to Jimmy Haslam III was unanimously approved by NFL owners Tuesday, and team President Mike Holmgren will be leaving at the end of the season. Haslam hired former Eagles executive Joe Banner as CEO of the Browns to...
  • Banner Joins Browns as CEO

      International Herald Tribune
    Banner was introduced Wednesday as CEO of the Browns, joining new owner Jimmy Haslam III in trying to turn around a franchise stuck in an almost continuous cycle of losing. Banner spent 19 years with the Eagles, spending 12 seasons as president...
  • Holmgren to exit Browns after NFL approves sale

      NY Daily News
    Mike Holmgren , hired three years ago as team president to transform the Browns into winners, could not come close and will be out at the end of the season. Jimmy Haslam's $1 billion purchase of the Browns was approved 32-0 by the NFL owners on...
  • Haslem approved, Holmgren out in Cleveland

      United Press International
    Jimmy Haslam, approved as the new owner of the Cleveland Browns Tuesday, said team President Mike Holmgren will retire following the season. Haslem got the nod from his fellow NFL owners in a Tuesday vote and told reporters at an introductory news...
  • Cleveland Browns Sold For $1 Billion

      Epoch Times
    October 16, 2012 The sale of the Cleveland Browns to Jimmy Haslam III for $1 billion was approved in a unanimous vote Tuesday by NFL owners, according to a report on the league's website. It's going to be a great situation for Cleveland, their fans,...
  • Holmgren outs as Browns' president

      Herald Net
    Mike Holmgren won't be finishing the job he went to do in Cleveland. New Cleveland Browns owner Jimmy Haslam III said Tuesday that Holmgren was out as team president, although the Super Bowl-winning coach will remain with the franchise to help in the...

More From Allvoices

Related People

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.