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Browns Sale Official As Randy Lerner Sells To Jimmy Haslam For More Than $1 Billion, According To Report

It didn't take long for the sale of the Cleveland Browns to become official. Less than one week after reports surfaced that Randy Lerner had entered discussions to sell the team, Adam Schefter of ESPN reported on Thursday morning that deal with Jimmy Haslam was now official. According to Schefter, the sale price was for more than $1 billion:

Reports last week indicated that the sale price would come in short of $1 billion but that appears to have changed. It was also reported last week that Lerner would retain a 30 percent stake in the team.

Daryl Ruiter of 92.3 The Fan also tweeted that he's heard Haslam has been in Berea this week, undoubtedly familiarizing himself with the operations as the sale came to a close:

The team has yet to confirm Schefter's report.

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.

Photographs by spatulated, Triple Tri, and chrischappelear used in background montage under Creative Commons. Thank you.