Jewish Journal


August 3, 2012

Cleveland Browns sale ends 51-year Jewish ownership


Browns Stadium

Browns Stadium

The sale of the Cleveland Browns ends 51 years of Jewish ownership of the National Football League team. 

The sale of the team to a group headed by truck-stop magnate Jimmy Haslam III was confirmed by the NFL Network on Aug. 2, according to the Cleveland Jewish News. The deal reportedly is worth more than $1 billion.

Randy Lerner had inherited the team after his father, Al, died in 2002. In 1996, Art Modell, who had purchased the team in 1961 for $4 million, moved his NFL franchise to Baltimore and had it renamed the Baltimore Ravens. 

In 1998, Al Lerner bought the rights to the Browns for $530 million.  

At Browns training camp in Berea, Ohio, the team’s president, Mike Holmgren, said the franchise will not leave the area a second time, according to the Cleveland Jewish News.

“It’s my understanding that from the get-go that’s been one of the stipulations, and both principals understand that,” he reportedly said. “The Cleveland Browns are not going anywhere.”

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