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Adam Schefter of ESPN and NFL.com are reporting that the Browns sale has gone through in excess of $1 billion.

The Browns’ new owner/majority investor is Tennessee businessman, Jimmy Haslam III. Haslam has previously owned a minority stake in the Pittsburgh Steelers.

NFL.com is also reporting that Eagles’ president Joe Banner will be part of Haslam’s executive team.

The Lerner family has owned the Browns since 1999 when they returned to the NFL. Randy Lerner inherited the team upon his father’s death in 2002.

we’ll have the latest detail as they become available.

article courtesy of Wkyc.com

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