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Randy Nets $1billion For The Cleveland Browns

Randy Nets $1billion For The Cleveland Browns

ESPN are reporting that Randy Lerner has sold the Browns.

The report says initially $700m for a controlling stake with a second $300m due to follow.

Very nice!

Forum thread: Lerner to sell the Browns

Remember Villa CEO Paul Faulkner has said this won`t affect the Villa spreadsheet (and also rubbished sale of Villa rumours) see: Villa NOT Up For Sale

Paul told the Daily Star: 'The Browns situation means absolutely nothing with regard to Aston Villa - neither good nor bad. The big point that people sometimes forget is that he inherited Cleveland - he bought Villa. Any rumours that he could be thinking about getting out or losing interest is nonsense.'

Click here to join in the debate on the club forum.

Writer:J P Fear
Date:Thursday August 2 2012
Time: 5:20PM


If any of you think he's going to re invest some of the money from the sale your sadly mistaken i'd say we be lucky if we got 5% from the sale put back in to the villa
02/08/2012 17:29:00
I don't think people do think that, having read the comments from the CEO as above. To be fair, that is Randy's money, he can spend it how he wishes. Can't hurt us to have a rich owner who has just become richer though and also, it frees him up to enjoy Villa more, instead of being split between two clubs and having two sets of stress. No idea how he did it, I'd not be able to handle owning one club, let alone two! Then again, the biggest commitment I've ever taken on in life is a bag for life (shouldn't talk about the wife like that though!)
The Fear
02/08/2012 17:32:00
Agreed. I think there is more chance of some London museums benefitting that the club is. To be honest that's fine by me, although I would hope that some of the money could be invested in various development projects that would generate a pay back over time, such as the North Stand for example. There is a difference between wanton spending on over rated underperforming players and investment into the future of the club to grow the business. More of the latter would be welcome, where and when required.
02/08/2012 17:33:00
Don't lets under-estimate the value of his undivided attention. There maybe more benefit to be gained from that than there is from a simple injection of cash.
02/08/2012 17:35:00
A million dollars at todays exchange rates is only just under 650,000 quid so I don't think Randy could spare much anyway.......
Pride of Lions
02/08/2012 17:36:00
Pointless having a billionaire in charge if he wants to break even and isn't going to invest. May aswell be Joe Bloggs from down the road.
02/08/2012 17:37:00
Joe Bloggs knows more about football too and would never have employed Eck.
02/08/2012 17:38:00
I think if Lambert does well this season Randy will give him £20million a season again to build us up, this is my opinion also if Lambo goes to Rndy next season and says there is a player avbailable for £20million and its a player we need Randy would back him just like the Bent buy!
02/08/2012 17:44:00
He could lend us a tenner at least.
Stephen Jay Hawkings
02/08/2012 17:47:00
Yeah v444 and I hate the way he always wears the west ham colours too!
02/08/2012 18:49:00
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