Browns owners close on $25 million home after Ohio gives them $600 million for new stadium

2 weeks ago 10

After the authorities of Ohio gave Jimmy and Dee Haslam $600 cardinal for the projected determination of the Cleveland Browns to Brook Park, the mates purchased a $25 cardinal North Palm Beach, Fla. mansion 3 days later, according to reports.

The oceanfront location is 5,906 quadrate feet connected 1.1 acres of land. It was purchased done Dee Haslam's Knox-Main Trust.

The home, which was built successful 1971, was purchased successful an off-market sale. It was antecedently sold successful 1990 for $3.2 million. It's wrong the gated Lost Tree Village neighborhood.

In a concern that’s been controversial, the optics of specified a determination cannot beryllium considered ideal.

The Haslam Sports Group received a acquisition from the authorities successful the precocious passed fund bill.

And, yes, it’s fundamentally a acquisition that won’t person to beryllium repaid, contrary to reports that said that taxation revenues from the projected amusement territory with a domed stadium arsenic its centerpiece, would regenerate monies taken from the state’s unclaimed funds account.

In the fund the Republican-dominated authorities legislature established a Sports and Cultural Facility Fund with monies from holdings successful the unclaimed funds account.

Cleveland Browns proprietor Jimmy Haslam watches his squad during signifier astatine NFL minicamp, Wednesday, June 11, 2025, successful Berea, Ohio.

Cleveland.com reported that the $600 cardinal volition not person to beryllium repaid. The Haslam Sports Group was lone required to enactment $100 cardinal successful escrow to screen imaginable stadium shortfalls. If determination are nary shortfalls, that wealth volition beryllium returned.

That acquisition could look obstacles arsenic 2 erstwhile Democratic members of the legislature person filed a class-action suit connected behalf of 3 individuals to halt the transportation of funds successful Franklin County Court.

No 1 should archer anyone however oregon erstwhile to walk their money, but...

George M. Thomas covers a myriad of things including sports and popular culture, but mostly sports, helium thinks, for the Beacon Journal.

This nonfiction primitively appeared connected Akron Beacon Journal: Browns owners Jimmy, Dee Haslam adjacent connected $25 cardinal Florida mansion

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