Browns set to sell chunk of franchise to private equity group
The Haslam Sports Group is selling a 3% stake of the Cleveland Browns to the private equity firm Arctos. This firm also has ownership interests in the Los Angeles Chargers and Buffalo Bills. The sale is part of a trend among NFL owners to leverage franchise valuations while retaining operational control.
- ▪The Browns are selling part of the franchise to Arctos, a private equity company.
- ▪This sale represents a 3% stake in the team, which is valued at $9 billion.
- ▪The funds from the sale will likely support the construction of a new stadium set to open in 2029.
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