Cleveland Browns For Sale Or Just Invested In?

Randy Lerner has released a statement with reference to rumours that he is selling his NFL team The Cleveland Browns…

Lerner`s statement:

“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.”

Had a few press calls asking how I think that would impact Villa. Honest answer, no idea! If he is selling the NFL team and keeping Villa, I`d say positively, no idea how anyone can run two teams like he has, the stress must be immense.

Note the statement doesn`t say an acquisition, it says an investment. Until details are released, no one will know (obviously) so it will all just be conjecture.

More as it develops I`m sure.

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