New Browns owner Haslam gives up stake in Steelers - 21 News Now, More Local News for Youngstown, Ohio -

New Browns owner Haslam gives up stake in Steelers

Posted: Updated:

PITTSBURGH (AP) - New Cleveland Browns owner Jimmy Haslam no longer has a stake in the Pittsburgh Steelers.

The Steelers announced Thursday that Haslam's minority share in the team has been bought by existing stockholders and new investors Scott and Russ Swank.

Haslam purchased the Browns in October and directed Steelers President Art Rooney II and Morgan Stanley to find suitable buyers for the shares he acquired in 2008.

Haslam spent $1.05 billion last October to buy a 70% stake in the Browns from Randy Lerner. Haslam - who made his fortune as president and CEO of Pilot Flying J, the largest operator of travel centers and travel plazas - will receive the remaining 30% owned by Lerner in 2016.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More From wfmj.comMore>>

  • Police: Couple used dog to lure 2 Amish girls

    Police: Couple used dog to lure 2 Amish girls

    Thursday, August 21 2014 10:04 PM EDT2014-08-22 02:04:19 GMT
    A woman accused along with her boyfriend of abducting and sexually abusing two young Amish sisters is due in court for a preliminary hearing.More >>
    A northern New York couple used a dog to lure two Amish sisters from their family farm stand with a plan to turn them into slaves, an investigator said Thursday.More >>
  • State won't sell naming rights for Ohio Turnpike

    State won't sell naming rights for Ohio Turnpike

    Thursday, August 21 2014 9:30 PM EDT2014-08-22 01:30:13 GMT
    Ohio will pursue opportunities to collect revenue through sponsorships along the state turnpike but will not sell naming rights for the 241-mile toll road.More >>
    Ohio will pursue opportunities to collect revenue through sponsorships along the state turnpike but will not sell naming rights for the 241-mile toll road.
    More >>
  • Ohio State president meets with band leaders

    Ohio State president meets with band leaders

    Thursday, August 21 2014 9:23 PM EDT2014-08-22 01:23:42 GMT
    Courtesy:  NBC NewsCourtesy: NBC News
    Student and staff leaders of the Ohio State marching band have met with the university's president to share concerns over the firing of a popular band directorMore >>
    Student and staff leaders of the Ohio State marching band have met with the university's president to share concerns over the firing of a popular band directorMore >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms