The owner of the Cleveland Browns Jimmy Haslam III, has serious debt problems with his Pilot Flying J company. The Wall Street Journal reported over the weekend that Pilot Flying J is over 4 billion dollars in debt. Not only is he facing criminal charges for the scam his company pulled off by defrauding their customers, he is also facing a multitude of law suits.
Haslam just sold his minor league baseball team this past week and some think it was because MLB wanted to distance themselves from the Haslam family and all the trouble they are facing. The NFL is going to take action soon.
People were excited when Haslam III bought the team but that excitement may be short-lived. How could the NFL overlook the debt problems Haslam and his company are faced with? How could they completely over look that he and his company could be facing bankruptcy?
Could this have been a set up to move the Cleveland Browns out of Cleveland for the second time in one’s lifetime? There are new stadiums being built in places that have no NFL team. Haslam III was allowed to buy the Browns by financing most of the 1.1 Billion he reportedly paid for the team.
Could you imagine if the NFL steps in a takes possession of the Cleveland Browns?
First they could force a sale. If they did, the new owners would probably fire the entire coaching staff and replace them with the people they want. The team would be in yet another 4 year building process.
The Browns are facing some serious problems and Browns fans who choose to keep their blinders on, could wake up one day only to find out that their beloved Cleveland Browns are no longer in Cleveland.
The best thing that could happen now, is for Randy Learner to take procession of the team. He may have been an absentee owner but at least he was honest and he never would have move the team away from Cleveland.
Haslam on the other hand is turning out to be nothing more than a con-man. You have to admit he is damn good at it too. For him to stand up to the podium as often as he did and tell everyone what a great hand on owner he is and have people buying that crap, he has to be good.
If he was so hands on then how did his company get to be over 4 billion dollars in debt? How did people who worked there pull off this scam, pay themselves bonuses and him not know where the money came from.
Who is this guy trying to kid? It is time for someone to do something before the moving trucks back up to the Browns headquarters in Berea to pack up the equipment in the middle of the night. This is a bad deal for the city of Cleveland and Browns fans.
Jimmy Haslam III is the wrong guy to own the Cleveland Browns and the truth is coming out daily. How could this happen? What the heck was Goodell and the NFL thinking when they approved this deal?
Filed under: Cleveland Browns