Cleveland Browns Sold For A Disappointing $1 Billion

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Wednesday, October 17, 2012 Cleveland Browns Sold For A Disappointing $1 Billion The Cleveland Browns sold this week to Jimmy Haslam for $1 billion. On the surface that figure seems ginormous for a team that is on its way to a fifth straight season with at least 11 losses. And that figure also seems impressive for Al Lerner who originally purchased the expansion franchise for $530 million in 1998. But then consider that the value of the Browns (according to Forbes.com), has been almost unchanged since the 2005 season when it was valued at $970 million. That's a raise of just 3.1% in seven years, a period in which the Browns went from being the NFL's seventh most valuable franchise to just the 21st most valuable. During that same period, NFL revenues jumped 46.4% (from $6.5 billion to $9.5 billion) and the value of the average NFL franchise rose 23.3% (from $898 million to $1.1 billion). Here's how the Browns' value has changed through the years... Data via Forbes.com Read » Also On Sports Page Today: The Long, Ugly Downfall Of Lance Armstrong Kobe Bryant Gave Alex Rodriquez A Much-Needed Vote Of Confidence Advertisement SPORTS CHART OF THE DAY: Andrew Luck's Career Is Off To A Better Start Than Peyton Manning's SPORTS CHART OF THE DAY: Red Sox Were Baseball's Most Inefficient Team In 2012 SPORTS CHART OF THE DAY: Is Alex Rodriguez A Better Postseason Hitter Than Derek Jeter? Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Sports Page RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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