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REPORT HAS DOLAN BROTHERS EYEING POSSIBLE BID FOR THE BROWNS
Published April 14, 1998
Cablevision Chair Charles Dolan, a Cleveland native, "has met with NFL officials and intends to file an application to own" the expansion Browns with his brother, Lawrence Dolan, according to Grossi & Lubinger of the Cleveland PLAIN-DEALER. NFL rules forbid corporate ownership or cross-ownership of teams in other pro leagues, unless the teams are in the same market, but the Dolans "intend to own the Browns as a family enterprise." Charles Dolan: "There is no strategic reason for (Cablevision) to be involved with the Browns. Our interest has nothing to do with Cablevision." The Dolans are the fourth group to come forward as candidates to own the Browns. Lawrence Dolan, a corporate lawyer who lives in suburban Cleveland, said the brothers "would not need partners," but they would not rule out "some strategic alliances that would be appropriate." Charles Dolan, on a potential $500M expansion fee: "All of this is subject to reasonableness. If it becomes unreasonable, obviously we can't do it" (PLAIN-DEALER, 4/9). NEWSDAY's Feigenbaum & Sanger reported that the Dolans "are preparing to bid about" $350M (NEWSDAY, 4/10). NO BID BY LERNER? In Akron, Terry Pluto wrote that he's heard that MBNA Chair Al Lerner "is reluctant to make a bid for the Browns. His family does not want him to end up on the public stage where he would be subject to another round of criticism about his involvement with Art Modell's move to Baltimore" (AKRON BEACON JOURNAL, 4/12).