New Browns owner shows up at practice
Thursday, August 2, 2012
BEREA, Ohio (AP) -- The new owner of the Cleveland Browns is watching his first practice.
Tennessee truck-stop magnate Jimmy Haslam III walked to the middle of the field Friday with team president Mike Holmgren and general manager Tom Heckert for his first glimpse at what $1 billion can buy. Haslam was wearing shorts on a hot, humid morning.
Randy Lerner reached a deal Thursday to sell the club to Haslam, a minority stockholder in the rival Steelers. Haslam must divest his interest in the Steelers and also gain approval for the purchase from the NFL.
Haslam promised Lerner the franchise won't be relocated. Haslam arrived in Cleveland late Thursday and dined with Holmgren.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.