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View Full Version : Anyone Find This Odd?


cmhargrove
08-02-2012, 08:47 AM
Sources: Browns sold for over $1B
Updated: August 2, 2012, 11:40 AM ET
ESPN.com news services

"The Cleveland Browns have been sold by Randy Lerner to Jimmy Haslam for in excess of $1 billion, league sources told ESPN NFL Insider Adam Schefter.

Jimmy Haslam is a truck-stop magnate and the older brother of Tennessee Gov. Bill Haslam. Jimmy Haslam is president and CEO of Knoxville, Tenn.-based Pilot Flying J, the largest operator of travel centers and travel plazas in North America with more than 550 retail locations. He is the older brother of Tennessee's Gov. Bill Haslam, who also worked for the family business before he was elected mayor of Knoxville in 2003 and again in 2007, then governor in 2010.

He also has described himself as a "1,000 percent" Pittsburgh Steelers fan."

Full Article here:
http://espn.go.com/nfl/story/_/id/8225861/source-randy-lerner-sells-cleveland-browns-more-1b

I'm sure that people can change their perspective, but isn't there something a little wrong with this?

Requiem
08-02-2012, 08:49 AM
I wouldn't buy the Cleveland Browns for eight bucks.

Kaylore
08-02-2012, 08:51 AM
I wouldn't buy the Cleveland Browns for eight bucks.

I agree. That was the oddest thing about the article; That someone would spend any amount of money on the Browns.

Beantown Bronco
08-02-2012, 08:54 AM
Jimmy Haslam is a truck-stop magnate

Isn't that how Spider introduces himself?

BMarsh615
08-02-2012, 08:58 AM
I wonder how long it would take to recoup that $1B?

How much do owners make from football per year?

Kaylore
08-02-2012, 09:09 AM
Isn't that how Spider introduces himself?

http://i0.kym-cdn.com/photos/images/newsfeed/000/051/416/fckingmagnets.jpg

GreatBronco16
08-02-2012, 09:10 AM
I wonder how long it would take to recoup that $1B?

How much do owners make from football per year?

Well they don't actually recoup the money, they pay it back from all the investers they borrow the money from in order to buy it would be my guess. I'd say maybe 20 years to pay that back. Guess it depends on who they got the money from and how much interest is added to it.


Actually I'm not sure how you go about borrowing a billion dollars. :giggle:

SonOfLe-loLang
08-02-2012, 09:13 AM
http://i0.kym-cdn.com/photos/images/newsfeed/000/051/416/fckingmagnets.jpg

You know what I always wondered?

How do they work?

Chris
08-02-2012, 09:25 AM
http://www.damnlol.com/i/fcf363686546c47cf0d5020f2aa98ab8.jpg

DENVERDUI55
08-02-2012, 09:33 AM
Any NFL franchise makes money hand over fist.

bronco militia
08-02-2012, 09:36 AM
maybe they threw in the short bus?

Browns Fans!!! Here is your chance to own your very own Cleveland Browns Tailgating bus! It is 100% ready to go–you could be tailgating in it next week! Don’t waste your money on a generic bus and then have to spend nearly $2k for the paint job alone. This a 1986 Short-Bus that is the perfect size for tailgating in the muni-lot. It is a regular Chevy 350 V8 GASOLINE engine, with only 114,000 miles on it. I have had the bus for 4 years and have done all the customizations myself. Unfortunately, I have to sell because I can’t make it to as many games as I would like

http://cdn.ksk.uproxx.com/wp-content/uploads/2012/08/brownsshortbusinside.jpg

http://cdn.ksk.uproxx.com/wp-content/uploads/2012/08/brownsshortbus.jpg

Beej
08-02-2012, 10:48 AM
http://www.deseretnews.com/images/article/sidebar/354787/Dallas-Cowboys-owner-Jerry-Jones-answers-a.jpg

Ooooh, I remember short bus days! I want me some short bus!

Los Broncos
08-02-2012, 10:52 AM
Where are my dog biscuits.

Play2win
08-02-2012, 10:54 AM
The Short Bus Browns.

That's their new official name from now on.

Hilarious!

RhymesayersDU
08-02-2012, 10:57 AM
Any NFL franchise makes money hand over fist.

This. Anybody who wouldn't take an NFL franchise is pretty stupid.

RhymesayersDU
08-02-2012, 10:58 AM
@DarrenRovell Buying an NFL team, even the Browns, is usually a good deal. Why? The National revenue distribution check. Last year, each team got $171.6M.

Vegas_Bronco
08-02-2012, 11:16 AM
Can you imagine doing a 1031 exchange on 1Billion? Id transfer this into Pats pocket and buy me the donkeys...and hang out with the two kickers and their rotating herd of strippers.