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Adam Schefter of ESPN and the NFL Network both report that Haslem has completed his purchase of the team from Randy Lerner. Schefter reports that the total sale price will be $1 billion, with Haslam paying $700 million now for a controlling interest in the team. There will be a second payment of more than $300 million at a later date.
Report: Sale of Browns for over $1 billion is complete | ProFootballTalk
NFL ownership expected to approve Jimmy Haslam's purchase of the Browns at its October meeting, if not sooner. But no obstacles expected.
https://twitter.com/AdamSchefter/statuses/231060194786938882
New Browns owner Jimmy Haslam also has begun to make plans with the Rooney family to sell the portion of the Steelers that he owns.
https://twitter.com/AdamSchefter/statuses/231063406747213824