Latest news with #DeeHaslam
Yahoo
15-07-2025
- Business
- Yahoo
Browns owners close on $25 million home after Ohio gives them $600 million for new stadium
After the state of Ohio gave Jimmy and Dee Haslam $600 million for the proposed move of the Cleveland Browns to Brook Park, the couple purchased a $25 million North Palm Beach, Fla. mansion three days later, according to reports. The oceanfront home is 5,906 square feet on 1.1 acres of land. It was purchased through Dee Haslam's Knox-Main Trust. Advertisement The home, which was built in 1971, was purchased in an off-market sale. It was previously sold in 1990 for $3.2 million. It's inside the gated Lost Tree Village neighborhood. In a situation that's been controversial, the optics of such a move cannot be considered ideal. The Haslam Sports Group received a gift from the state in the recently passed budget bill. And, yes, it's basically a gift that won't have to be repaid, contrary to reports that said that tax revenues from the proposed entertainment district with a domed stadium as its centerpiece, would replace monies taken from the state's unclaimed funds account. Advertisement In the budget the Republican-dominated state legislature established a Sports and Cultural Facility Fund with monies from holdings in the unclaimed funds account. Cleveland Browns owner Jimmy Haslam watches his team during practice at NFL minicamp, Wednesday, June 11, 2025, in Berea, Ohio. reported that the $600 million will not have to be repaid. The Haslam Sports Group was only required to put $100 million in escrow to cover potential stadium shortfalls. If there are no shortfalls, that money will be returned. That gift could face obstacles as two former Democratic members of the legislature have filed a class-action suit on behalf of three individuals to halt the transfer of funds in Franklin County Court. Advertisement No one should tell anyone how or when to spend their money, but... George M. Thomas covers a myriad of things including sports and pop culture, but mostly sports, he thinks, for the Beacon Journal. This article originally appeared on Akron Beacon Journal: Browns owners Jimmy, Dee Haslam close on $25 million Florida mansion
Yahoo
15-07-2025
- Business
- Yahoo
Browns owners close on $25 million home after Ohio gives them $600 million for new stadium
After the state of Ohio gave Jimmy and Dee Haslam $600 million for the proposed move of the Cleveland Browns to Brook Park, the couple purchased a $25 million North Palm Beach, Fla. mansion three days later, according to reports. The oceanfront home is 5,906 square feet on 1.1 acres of land. It was purchased through Dee Haslam's Knox-Main Trust. Advertisement The home, which was built in 1971, was purchased in an off-market sale. It was previously sold in 1990 for $3.2 million. It's inside the gated Lost Tree Village neighborhood. In a situation that's been controversial, the optics of such a move cannot be considered ideal. The Haslam Sports Group received a gift from the state in the recently passed budget bill. And, yes, it's basically a gift that won't have to be repaid, contrary to reports that said that tax revenues from the proposed entertainment district with a domed stadium as its centerpiece, would replace monies taken from the state's unclaimed funds account. Advertisement In the budget the Republican-dominated state legislature established a Sports and Cultural Facility Fund with monies from holdings in the unclaimed funds account. Cleveland Browns owner Jimmy Haslam watches his team during practice at NFL minicamp, Wednesday, June 11, 2025, in Berea, Ohio. reported that the $600 million will not have to be repaid. The Haslam Sports Group was only required to put $100 million in escrow to cover potential stadium shortfalls. If there are no shortfalls, that money will be returned. That gift could face obstacles as two former Democratic members of the legislature have filed a class-action suit on behalf of three individuals to halt the transfer of funds in Franklin County Court. Advertisement No one should tell anyone how or when to spend their money, but... George M. Thomas covers a myriad of things including sports and pop culture, but mostly sports, he thinks, for the Beacon Journal. This article originally appeared on Akron Beacon Journal: Browns owners Jimmy, Dee Haslam close on $25 million Florida mansion
USA Today
02-07-2025
- Sport
- USA Today
Browns develop new nickname for their future home in Brook Park
The Cleveland Browns have officially announced that they will build a new stadium in Brook Park, OH, which is scheduled for completion in 2029. With this announcement comes a new nickname for the future home of the Cleveland Browns. Along with detailed renderings of how the Browns envision the future of Brook Park, they also released their new 'Brownstown' nickname for the site. With many fans feeling as if the Browns franchise is leaving Cleveland once again, the promotion of the new nickname aims to win over those who oppose the move to the new stadium. The team quietly introduced this nickname with the reveal of their upcoming 10-part podcast series, Building Brownstown, which will likely cover the Browns' preparations and provide a behind-the-scenes look at the construction of the new Huntington Bank Field. The podcast is expected to feature team owners Jimmy and Dee Haslam, discussing their decision to relocate the team out of downtown Cleveland. The Browns franchise received the green light for their Brook Park plans after Ohio Governor Mike DeWine officially signed the state's two-year budget, which includes $600 million for the Browns' new domed stadium. The team will likely continue promoting the 'Brownstown' nickname as construction of the new stadium begins.
New York Times
26-06-2025
- Business
- New York Times
Browns get green light to build indoor stadium as state budget gets approved
The Ohio legislature has cleared the way for the Cleveland Browns to build the team's long-planned indoor stadium in suburban Brook Park. On Wednesday, the state Senate and House of Representatives separately approved a budget that includes $600 million for the new indoor Browns stadium. The team announced last year its full intention to build in Brook Park, which is not far from the training facility in Berea and about 15 minutes southwest of the current stadium in downtown Cleveland. Advertisement The budget includes a new Sports and Culture Facility Fund, which will take $1.7 billion from the state's $4.8 billion in unclaimed funds. The Browns will get $600 million and pay it back via tax revenues from the Brook Park project. The remaining $1.1 billion will be devoted to future facility projects and upgrades, including a likely renovation of the Cincinnati Bengals' home stadium. The Browns and the city of Cleveland had been battling over the proposed move, and both the city and the franchise had filed suits regarding the application of the 'Modell Law,' a 1990s law meant to keep teams from leaving the state. But a late addition to the newly passed state budget was an updated version of the Modell Law that should effectively end the city's lawsuit against the Browns because they're remaining in Cuyahoga County. The Browns and Haslam Sports Group, headed by team owners Jimmy and Dee Haslam, had been adamant that there was no suitable location within city limits and had been confident they'd eventually be cleared to move. Wednesday evening, WKRK 92.3 The Fan in Cleveland reported that the Browns planned to close on the 176 acres of land adjacent to Cleveland Hopkins Airport for their new stadium and entertainment complex by the end of the week. That would indicate the Browns are confident they're headed for Brook Park. The Haslam Sports Group had pledged $1.2 billion in private funding plus potential overruns. The estimated cost of the new facility is $2.4 billion. Ohio Gov. Mike DeWine can veto any piece of the budget before it has to be finalized on June 30. DeWine had originally proposed doubling the state tax on sports betting to raise money for new stadiums instead of pledging $600 million in state bonds or going with the unclaimed funds plan. Northeast Ohio attorneys Jeff Crossman and Marc Dann announced Tuesday that they would file a class action suit on behalf of owners of the state's unclaimed funds if the new budget passed. Crossman and Dann said in a news conference Wednesday that the plan to take private property without permission amounts to theft and is unconstitutional. Advertisement Assuming full clearance, the new stadium will open for the 2029 season — just after the expiration of the lease on the current stadium. The Haslams previously said they planned to begin construction in early 2026 if the state budget included the $600 million for the new stadium and what the Haslam Sports Group has called 'a sports and entertainment district.' In January, Cleveland Mayor Justin Bibb called the Brook Park project 'the Haslam scheme' and said it was a 'ploy' that would 'raise your taxes, make it more expensive for you to attend games and steal events away from downtown.' The city wanted to renovate the current stadium, which opened in 1999 on the site of the old Cleveland Municipal Stadium. The Browns have consistently called the renovation plan 'a short-term fix' and an irresponsible approach to finding a solution.
Yahoo
10-06-2025
- Business
- Yahoo
NFL teams with female owners holding controlling shares or decision-making power
Indianapolis Colts owners Carlie-Irsay Gordon, center, is joined by her sisters Casey Foyt, right, and Kalen Jackson, as they discuss the team during a press conference at the NFL football team's training facility in Indianapolis, Tuesday, June 10, 2025. (AP Photo/Michael Conroy) The NFL teams with female owners holding controlling shares or decision-making power now that the Indianapolis Colts have announced the late Jim Irsay's transition plan for ownership with his three daughters taking charge of the club. Those with minority shares not included. ___ Advertisement Buffalo Bills Kim Pegula. She is co-owner with husband Terry Pegula, who bought the Bills in 2014. Cleveland Browns Dee Haslam, wife of Jimmy, with the Haslam family buying the Browns in 2012. Detroit Lions Sheila Ford Hamp. She took over June 23, 2020, as principal owner for her late mother Martha Firestone Ford. Indianapolis Colts Carlie Irsay-Gordon, Casey Foyt and Kalen Jackson have held the title of owner since 2012. Now Irsay-Gordon is CEO, Foyt executive vice president and Jackson chief brand officer. Kansas City Chiefs Sharron Hunt is among four owners as a daughter of the late Lamar Hunt. New Orleans Saints Advertisement Gayle Benson. San Francisco 49ers Denise DeBartolo York took control in 2001 and is currently co-chair of the team that is run by her son, Jed. Seattle Seahawks Jody Allen took over after the death of her brother, Paul, in 2018. Tampa Bay Buccaneers Darcie Glazer Kassewitz is a co-owner of the Bucs along with five brothers. Tennessee Titans Controlling owner Amie Adams-Strunk. The daughter of the franchise's founder Bud Adams, she took over in March 2015 from her brother-in-law and has held 50% of the team since late 2020. ___ AP NFL:
