Report: Browns' sale to Haslam complete

The Cleveland Browns have announced that Haslam has purchased controlling interest in the team.</p>

The club issued a statement from Haslam on his purchase of the team.

“This is a very exciting time for my family and me,” said Haslam. “To own such a storied franchise as the Cleveland Browns, with its rich tradition and history, is a dream come true. We are committed to keeping the team in Cleveland and seeing it get back to the elite of the NFL – something all Browns fans want and deserve. We plan to bring relentless dedication and hard work to every aspect of this organization, and we look forward to getting to know this team and community as quickly as possible. Our family is committed to becoming an integral part of the Cleveland community. We also want to thank Randy Lerner for his friendship, counsel and support during this process.”

According to Adam Schefter of ESPN.com, Haslam has put up $700 million now to buy controlling interest in the team from Randy Lerner with another $300 million still to come, according to the report.

Haslam also must divest himself of the portion of the Pittsburgh Steelers that he owned as a minority investor in that franchise.

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Terry McCormick covers the Titans for TitanInsider.com

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