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Aug 02

Jimmy Haslam just bought the Cleveland Browns for more than $1 billion

Yes, you read that correctly. More than $1 billion. Need context on how what president and CEO of Pilot Flying J, Jimmy Haslam paid for the Browns stacks up with other recent deals? Well the Los Angeles Dodgers sold for $2 billion earlier this year. So Haslam is paying roughly half of what Magic Johnson and his co-owners paid for a franchise that doesn’t have the safety net of the Los Angeles market. The only saving grace for Haslam in this is that the Browns are in the NFL. And everyone makes money in the NFL.

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