Clevend Browns owner Randy Lerner announced that Pilot Oil CEO Jimmy Haslam has expressed interest in investing in the football team.
Lerner said in a press release that the team and Haslam are in negotiations. The details are being kept private.
"In connection with current rumors and press inquiries, I can report that I've been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns. We are currently in negotiations and both sides have agreed to keep that dialogue and its details private. Given that any transaction would require League approval, care has been taken so that this process will not be disruptive to the organization, in particular the football team, as it prepares for the upcoming season. We will share further details or make an announcement if it becomes necessary," said Lerner in a statement.
Haslam is not commenting on the announcement. He's already a minority owner of the Pittsburgh Steelers, but that would have to change before any deals could be made with Browns.
According to NFL Spokesman Brian McCarthy, "The NFL is aware of the discussions between the Browns and Haslam. The NFL does have procedures and regulations concerning any potential transaction. And an owner cannot have investments or interest in multiple NFL teams."