Browns issue statement on rumored sale

Published Jul. 27, 2012 10:07 a.m. ET

foxsports

Cleveland Browns owner Randy Lerner has issued a statement about the rumored sale of the franchise.
There is no confirmation if there is a minority-stake purchase being made or not, but the team is addressing it at this point with the following statement;
“In connection with current rumors and press inquiries, I can report that I’ve been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns,” Lerner said in the statement. “We are currently in negotiations and both sides have agreed to keep that dialogue and its details private. Given that any transaction would require League approval, care has been taken so that this process will not be disruptive to the organization, in particular the football team, as it prepares for the upcoming season. We will share further details or make an announcement if it becomes necessary.”