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NFL Approves Sale of Browns to Jimmy Haslam III

It’s a new day for the Browns, as the NFL owners unanimously approved the sale of the team today from Randy Lerner to new owner – Jimmy Haslam III.

The sale was approved during the owners meeting in the Burnham Ballroom at the JW Marriott hotel in downtown Chicago. Haslam, whose family owns truck-stop empire Pilot Flying J, needed 24 of the league’s 32 owners, or three-fourths, to vote in his favor.

Haslam paid a reported $1 billion for the franchise. The sale, from now former owner Randy Lerner, is expected to close in the next couple of weeks.

Lerner will retain a 30 percent stake in the team for four years before Haslam takes complete control. Lerner did not attend the meeting.

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