A's Reinvesting All Revenues Into Coliseum, Club Twins Owner Says Club Is Not For Sale Royals Will Not Exceed Current Payroll Sources: Penguins Getting $25M Investor Vikings Upset Over MLS Games At New Stadium Browns Make Case To Maintain Personnel Tigers Need To Reduce Payroll By $20M Sources: Chargers Expected To Move To L.A. In '17 Yanks Set To Benefit From New MLB CBA Losing Revenue Sharing Could Cut A's Payroll More
SBD/July 30, 2012/Franchises
Randy Lerner's Sale Of The Browns To Haslam Could Be Completed As Early As August
Published July 30, 2012
CLEVELAND ROCKS: The PLAIN DEALER's Cabot on Saturday noted Lerner "refused to even enter into negotiations with Haslam until he had a personal guarantee he'd never uproot the team." Browns General Counsel & Special Counsel to the President Fred Nance said, "(Lerner) has an unequivocal commitment from Haslam to never move the Browns. He made that a prerequisite before entering into negotiations." Nance added Haslam "provided the commitment without hesitation." When asked what would stop Haslam from moving the team, Nance replied, "Read the lease" (Cleveland PLAIN DEALER, 7/28). Holmgren said of Lerner, "He's an emotional guy. He loves this place. He cares deeply. Anything like this is going to be a very tough, emotional decision." Holmgren said that Lerner and his son, Max, have "moved back to New York after living in Cleveland last year" (Lorain MORNING JOURNAL, 7/29). Heckert said that the news "has affected the front office and other members of the organization." He said, "It affects a lot of people's lives. Right now, we can't worry about it. We're focused on the football team" (AKRON BEACON JOURNAL, 7/29). Meanwhile, in Pittsburgh, Gerry Dulac noted the Browns "might be bought by a member of the Steelers ownership group who is a self-described ardent Steelers fan." Haslam's purchase of the Browns is a "move that likely would force Haslam to divest his interest in the Steelers." Haslam is "one of 10 minority owners who purchased stock from members of the Rooney family when the team reorganized its ownership structure" in '09 (PITTSBURGH POST-GAZETTE, 7/28).
THE RIGHT MOVE: In Akron, Marla Ridenour wrote if Lerner's sale "goes through, the fate of the Browns’ franchise is as uncertain as the futures" of Holmgren and Shurmur. But the deal "has the potential to give Browns fans what they deserve -- a team run by two men at the top who are all in." It might give fans an owner "who isn’t afraid to step in front of the television cameras when a crisis arises or when the team is floundering, or even when it’s not." It could give them an owner "who wants to be in the public eye, rather than a security-conscious one who lurks in the periphery, visible mainly on Sundays as he slipped into his box or visited the post-game locker room." None of those things "could be said of Lerner, who always seemed uncomfortable in his role, which he was thrust into after his father, Al, died" in '02. His passion "for the Browns and their fans could never be questioned." He tried to "do the right thing, and spent all the money he could to do it." But his good intentions "were undone by questionable hires, especially when it came to coaches." He had to "tire of the long and frustrating process of building a winner." As financially stable "as the Browns have been under Lerner," the organization "has never operated as efficiently or as professionally as outsiders would presume." With a possible sale to Haslam, the Browns "could be turned around, both on the field and off" (AKRON BEACON JOURNAL, 7/28). SI.com's Peter King writes Haslam "will have to become more hands-on than Lerner was." Lerner "badly wanted someone to come in and just take the headache that was the reconstruction of the Browns off his hands" (SI.com, 7/30).
STICKING WITH VILLA: In Cleveland, Tom Reed cited sources as saying that although Lerner is selling the Browns, there "appears no such plan afoot" for his ownership of EPL club Aston Villa. As the club "slipped in the EPL standings the past two years and management slashed payroll, some have questioned Lerner's desire to compete." Aston Villa "barely averted relegation in the spring, and the side reported combined losses" of more than $130M million for the seasons of '09-10 and '10-11 (Cleveland PLAIN DEALER, 7/28).