Updated, 2:40 p.m.: Fox 8 News Cleveland reports that Randy Lerner will sell his controlling interest in the Cleveland Browns.
Cleveland Browns owner Randy Lerner has confirmed rumors that he is in negotiations with a potential investor, Jimmy Haslam.
According to a release on the Browns' website, Haslam is “interested in making an investment in the Cleveland Browns.”
Crain’s Cleveland Business reports that it is not clear whether the move would make Haslam a majority or minority owner in the team if it goes through. But Fox 8 reported Friday that team president Mike Holmgrem has confirmed that Lerner is selling controlling interest in the Browns.
According to the release from the Browns, Lerner and Haslam plan to keep details of the negotiations private and will try to prevent it from disrupting the organization or the team.
Cleveland.com has some details on Haslam, the president of Pilot Flying J and a minority owner of the Pittsburgh Steelers.
The Steelers have a Q and A with Haslam on its website, where Haslam reports that he is “1,000 percent a Steelers fan!” (Um, should Browns fans be worried?)
What do you think will happen as these negotiations move forward? Would you like to see the Browns under new ownership or do you think Lerner has been doing a good job? Tell us in the comments.