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Cleveland Browns Owner Selling Team To Tennessee Businessman

Friday, July 27, 2012 at 4:32 PM

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Owner Randy Lerner started talks with Jimmy Haslan early Friday morning, reaching a decision by afternoon. It's reported that the team will not leave Cleveland.

Cleveland Browns owner Randy Lerner is selling controlling interest in the team to Tennessee businessman Jimmy Haslan. 

The story developed quickly today, with Lerner first disclosing that he was in talks with Haslam this morning, then Browns President Mike Holmgren confirming that Lerner would give up controlling interest this afternoon. 

Holmgren had previously denied rumors that the team is for sale. 

The sale comes with a guarantee that the team will not move from Cleveland, according to the Plain Dealer, which quotes an unnamed league source. 

Haslam is President of Pilot Flying J Travel Centers, the nation’s largest retail operator of travel centers and truck stops. He is also the brother of Tennessee governor Bill Haslam.

For continuing coverage of this story, check out cleveland.com/sports.

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