Posted July 08, 2013

Browns owner Jimmy Haslam has no plans to sell team

NFL
Cleveland Browns owner Jimmy Haslam says he has no plans to sell the team. (Photo by Getty Images)

Cleveland Browns owner Jimmy Haslam says he has no plans to sell the team. (Photo by Getty Images)

Cleveland Browns owner Jimmy Haslam’s Pilot Flying J trucking company is being investigated by the Federal Bureau of Investigation for rebate fraud, there are at least 18 civil lawsuits pending because of the investigation and the company is reportedly more than $4 billion in debt.

Federal officials raided the company’s headquarters April 15 and released transcripts of secretly recorded conversations among the sales staff.

With all that going on, Haslam was asked if he plans to sell the team.

“Absolutely not,” Haslam told ESPNCleveland.com. “We plan on owning the Browns for a long time.”

“Since October, we put together a completely new front office, hired a new head head coach with two really good coordinators, sold naming rights to the stadium, and went through free agency and the draft,” Haslam said.

The National Football League has said nothing noteworthy about the feds investigation of Haslam and his company.

“We’ve spent $5 million remodeling [team headquarters in] Berea,” Haslam said. “And we’re working on an upwards of $100 million remodeling of the stadium. We’ve been very committed to turning this franchise around.”

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1 comments
gary41
gary41

The NFL will be making the decisions about the disposition of the Browns, not Jimmy Haslam, who will end up in Federal prison.  It's not everyday, an owner of a private company, secures sufficient cash by fraud, needed to increase debt & dividends to purchase and NFL club.  The fact that he was able to do this under the nose of Roger Goddell and the other owners will not be taken lightly.