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Browns sold for $1billion+, pending league (owners) approval

Discussion in 'NFL Football Forum' started by Deus Irae, Aug 2, 2012.

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  1. Deus Irae

    Deus Irae PatsFans.com Retired Jersey Club PatsFans.com Supporter

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    Report: Sale of Browns for over $1 billion is complete | ProFootballTalk

    https://twitter.com/AdamSchefter/statuses/231060194786938882

    https://twitter.com/AdamSchefter/statuses/231063406747213824
  2. goheels22002

    goheels22002 PatsFans.com Supporter PatsFans.com Supporter

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    #50 Jersey

  3. sly24

    sly24 Rookie

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    ehh, If there's one franchise in the NFL I wouldn't want to buy, it's the Browns.
  4. Steve:Section 102

    Steve:Section 102 Rookie

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    so much for my dream of NFL ownership.

    Man, that's a truckload of money.
  5. Joker

    Joker PatsFans.com Supporter PatsFans.com Supporter

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    jeezus...for a billion dollars you could buy the entire city of Cleveland...and about ten or twenty surrounding cities...
  6. makoute

    makoute Rookie

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    I wonder if that would qualify.
  7. A.C Vegas

    A.C Vegas Rookie

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    #11 Jersey

    my god that is insane 1 billion for hte browns how much would the Pats go for is they were sold today 2 or 3.

    no need for it to go that high
  8. BradyFTW!

    BradyFTW! PatsFans.com Supporter PatsFans.com Supporter

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    #12 Jersey

    Doesn't this pretty much make it official that every NFL team is worth a billion at least? Who isn't, if Cleveland is? Maybe the Jaguars?
  9. juny

    juny Rookie

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    No Jersey Selected

    Kraft is delighted to hear this news. If Cleveland is $1B, NE must be worth much more than that.
  10. ausbacker

    ausbacker Brady > Manning. PatsFans.com Supporter

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    1 million dollars.

    [​IMG]

    Sorry... 100 billion dollars.
    Last edited: Aug 2, 2012
  11. Elijah

    Elijah PatsFans.com Supporter PatsFans.com Supporter

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    #11 Jersey

    Weren't the Jaguars just sold too?
  12. ausbacker

    ausbacker Brady > Manning. PatsFans.com Supporter

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    #51 Jersey

    They were for 760 million.
  13. BradyFTW!

    BradyFTW! PatsFans.com Supporter PatsFans.com Supporter

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    #12 Jersey

    I figured that the Browns going for a billion would be a "new highwater mark" type deal that pushes everyone else up, and the Jaguars were already widely considered to be the least valuable team in the NFL.

    On closer inspection, though, $1B isn't even all that much more than what Forbes had them coming in at, though:

    #30 Cleveland Browns - Kurt Badenhausen - Forbes

    Go figure, I would have thought that the Browns would be down in Jaguars territory, but apparently not.
  14. mgteich

    mgteich PatsFans.com Veteran PatsFans.com Supporter

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    No. 21 Cleveland Browns - Kurt Badenhausen - Forbes

    NFL football teams are worth similar amounts considering that most of the value is based on TV earnings which is the same for all teams. Per Forbes, The Cowboys are worth $1.81B, the Redskins $1.55B, the Patriots $1.37B and the Browns $1.02B. Obviously there are difference based on lots of things, including debt, ticket sales and sales of team products.

    Understand that owners are often willing to pay more that the team is worth on the open market to others. Surely, Kraft "overpaid" to keep the team in New England.

    The lowly Jag were worth $725M (lowest among nfl teams). This was #45 on the most valuable world sports teams. This was higher than any NBA or NHL team and higher than all but 5 MLB teams.
    Last edited: Aug 2, 2012
  15. Gunnails

    Gunnails Rookie

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    Browns own a new stadium, that drives there value up. And the Jags down.
  16. ausbacker

    ausbacker Brady > Manning. PatsFans.com Supporter

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    #51 Jersey

    Brandon Weeden is a seat filler. Let's not forget that special point.
  17. MoLewisrocks

    MoLewisrocks PatsFans.com Supporter PatsFans.com Supporter

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    Reports are the first order of business will be blowing up the FO. No more free ride on my GB rep for Holmgren who had been living on his for as long as Favre did. Now Browns fans get to deciper who the real brains were in Philly. If it was Joe Banner they may finally be in position to start contending. If not...then they're just in for more of the same.

    Will be interesting from a timing standpoint to see who Banner retains since most of Holmgren's staff choices were former Eagles. Shurmur is probably a lame duck HC. If he does well in NO Spagnuolo could be in line for his second bite of the HC apple. And even Josh could be on the radar (Ohio kid) with a strong FO presence (although I think he and Bill have an agreement he's here for at least a couple of years. I read recently where Mike Lombardi claims that Josh was tasked with finding his potential predecessor a few years back and he brought BoB in from Duke to be groomed for the role. Not sure who is in the pipeline here now although either of the kids (Simms or Belichick's) could be on a developmental coaching fast track.).
  18. KontradictioN

    KontradictioN Do you even lift? PatsFans.com Supporter

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    No Jersey Selected

    The Jags might get a little more valuable now that fans can bring their own food into the stadium when watching games. :eek:
  19. Joey007

    Joey007 Rookie

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    #91 Jersey

    Maybe Peyton Hillis being gone helps Browns fans tolerate the games.....
  20. MoLewisrocks

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