Cleveland Browns owner Randy Lerner has issued a statement that he is in negotiations with Jim Haslam to be an investor in the team.
“In connection with current rumors and press inquiries, I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns. We are currently in negotiations and both sides have agreed to keep that dialogue and its details private. Given that any transaction would require League approval, care has been taken so that this process will not be disruptive to the organization, in particular the football team, as it prepares for the upcoming season. We will share further details or make an announcement if it becomes necessary,” the statement read.
Haslam is currently owner of Pilot Oil in Knoxville, Tenn., and is the brother of Tennessee governor Bill Haslam. He also has a minority stake in the Pittsburgh Steelers, and his name has long been rumored to be a potential buyer of the Tennessee Titans should owner Bud Adams or his eventual heirs ever want to sell a stake in that franchise.
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Terry McCormick covers the Titans for TitanInsider.com