There’s been rumors the past two months about the Cleveland Browns being up for sale, and today current owner Randy Lerner confirmed that he is talking to someone about an investment into the team.
The Browns released the following statement per Lerner about a possible investor.
“In connection with current rumors and press inquiries, I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns. We are currently in negotiations and both sides have agreed to keep that dialogue and its details private. Given that any transaction would require League approval, care has been taken so that this process will not be disruptive to the organization, in particular the football team, as it prepares for the upcoming season. We will share further details or make an announcement if it becomes necessary.”
Randy Lerner took the team over for his father, Al Lerner, who passed away during the 2002 season. Randy also owns a soccer team, and with the lack of success of the Browns, it’s not a shock that he would be looking to push all or part of the fiscal part of the team onto someone else.