DieHardBrownsFan Posted November 30, 2017 Report Share Posted November 30, 2017 I saw Peyton at Dollar General today buying light bulbs. Link to comment Share on other sites More sharing options...
The Gipper Posted November 30, 2017 Report Share Posted November 30, 2017 14 hours ago, nickers said: Lest we forget.. Randy Lerner , still holds a 10% share in the team . If I'm not mistaken. I DID forget. Is that true. Also, I wonder about this: Lerner sold the team to Haslam....but what was the payment arrangement? Jimmy may have been making payments to Randy and that debt may be far from paid off. Just speculating....not certain. Anyone know? Link to comment Share on other sites More sharing options...
flyingfooldoug Posted November 30, 2017 Report Share Posted November 30, 2017 22 minutes ago, The Gipper said: I DID forget. Is that true. Also, I wonder about this: Lerner sold the team to Haslam....but what was the payment arrangement? Jimmy may have been making payments to Randy and that debt may be far from paid off. Just speculating....not certain. Anyone know? I only know that Jimmy has net worth of 3.7 billion as of March of this year. I don't think Randy held on to any part of the team. The only owners listed are Jim and Dee Haslam. $3,700,000,000 yep, ten figures. Link to comment Share on other sites More sharing options...
mjp28 Posted November 30, 2017 Report Share Posted November 30, 2017 1 hour ago, flyingfooldoug said: I only know that Jimmy has net worth of 3.7 billion as of March of this year. I don't think Randy held on to any part of the team. The only owners listed are Jim and Dee Haslam. $3,700,000,000 yep, ten figures. Net worth might not always be very liquid. Randy might not have ownership rights but might have other ""IOUs" of some sort held separately from the transaction. Oh the wacky world of those multi billionaires. Link to comment Share on other sites More sharing options...
flyingfooldoug Posted November 30, 2017 Report Share Posted November 30, 2017 4 hours ago, mjp28 said: Net worth might not always be very liquid. Randy might not have ownership rights but might have other ""IOUs" of some sort held separately from the transaction. Oh the wacky world of those multi billionaires. Anything else I have seen about NFL owners, they get listed as sole, or majority. It's possible someone else has a small stake but I'm pretty certain that it would be listed that way. Link to comment Share on other sites More sharing options...
The Gipper Posted November 30, 2017 Report Share Posted November 30, 2017 10 minutes ago, flyingfooldoug said: Anything else I have seen about NFL owners, they get listed as sole, or majority. It's possible someone else has a small stake but I'm pretty certain that it would be listed that way. This says that at the time of the sale, Randy would retain 30%. However, JH had the option to buy him out of the rest. Will have to check on if that happened: http://www.cleveland.com/browns/index.ssf/2012/07/cleveland_browns_owner_randy_l_5.html Link to comment Share on other sites More sharing options...
The Gipper Posted November 30, 2017 Report Share Posted November 30, 2017 Another story says that the other 30% would be sold 4 years after closing date...but I could not find confirmation that the sale of the 30% went through. Lerner will sell 70 percent of the Browns to Haslam now, with the other 30 percent reverting to him four years after the closing date, a person with knowledge of the sale told The Associated Press on condition of anonymity because details have not officially been announced. So...that mean possibly that the balance of ownership was transferred to Halsam no later than last summer (2016). Also. Lerner did sell his Premier League soccer team...which I guess was losing money hand over fist: https://www.theguardian.com/football/2016/may/18/aston-villa-randy-lerner-close-selling-club-china Link to comment Share on other sites More sharing options...
flyingfooldoug Posted November 30, 2017 Report Share Posted November 30, 2017 30 minutes ago, The Gipper said: Another story says that the other 30% would be sold 4 years after closing date...but I could not find confirmation that the sale of the 30% went through. Lerner will sell 70 percent of the Browns to Haslam now, with the other 30 percent reverting to him four years after the closing date, a person with knowledge of the sale told The Associated Press on condition of anonymity because details have not officially been announced. So...that mean possibly that the balance of ownership was transferred to Halsam no later than last summer (2016). Also. Lerner did sell his Premier League soccer team...which I guess was losing money hand over fist: https://www.theguardian.com/football/2016/may/18/aston-villa-randy-lerner-close-selling-club-china Sounds about like I remember it happening. Randy kept some a few years and bowed out. Who knows, he may have sold it off when the FBI got involved with the Haslam finances. I did notice a Freeman as VP of football operations too. Wonder if he's related to "Stick"? ..lol Link to comment Share on other sites More sharing options...
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