Cleveland Browns Sale: Lerner Will Retain Partial Stake In Team

With the sale of the Cleveland Browns now apparently imminent, it looks as if current majority owner Randy Lerner will remain as a minority owner. Jim Donovan reported on Sunday that Lerner will continue to control as much of 30% of the franchise, meaning he will continue to hold a significant share of the team:

Browns owner Randy Lerner will retain a 30% stake in the team at the outset after he sells 70% to Tennessee businessman Jimmy Haslam III, radio play-by-play voice and WKYC sportscaster Jim Donovan reported Saturday night.

Lerner assumed ownership of the team after his father, Al Lerner, passed away in 2002. He's taken plenty of heat over the years from Browns fans -- often seen as not holding the Browns as a priority. But he's continued to profess his love for the club and he'll remain on board as a minority owner.

For more information on the Cleveland Browns, head over to Dawgs By Nature. More news and analysis on the NFL as training camps begin can be found over at SB Nation's dedicated NFL hub.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join SB Nation Cleveland

You must be a member of SB Nation Cleveland to participate.

We have our own Community Guidelines at SB Nation Cleveland. You should read them.

Join SB Nation Cleveland

You must be a member of SB Nation Cleveland to participate.

We have our own Community Guidelines at SB Nation Cleveland. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.