Browns owner Jimmy Haslam sells remaining stock in Steelers
Cleveland Browns owner Jimmy Haslam, who had been a Steelers minority owner since 2008, has sold his remaining stock in the Steelers, the team announced on Thursday.
Cleveland Browns owner Jimmy Haslam, who once said he was "1,000 percent a Steelers fan," can now focus on being 1,000 percent a Browns fan. Haslam's minority ownership stake in the Pittsburgh Steelers was sold on Thursday and the transaction was approved by the NFL, the Steelers announced.
Although Haslam held a partial stake in the Steelers during the 2012 season, he disassociated himself from all team business in October when his purchase of the Browns became final.
Most of Haslam's stock was purchased by existing stockholders, however the Steelers did allow two new investors to purchase stock in the team. Those two new shareholders are Scott and Russ Swank.
"We appreciate the continued confidence of our ownership group involving this purchase of stock owned by Jimmy Haslam and we welcome Scott and Russ Swank to our ownership group," Steelers president Art Rooney II said in a statement.
Haslam currently owns a 70 percent controlling interest in the Browns and will acquire the final 30 percent in October 2016. Haslam purchased the Browns from previous owner Randy Lerner for $1.05 billion.
Keep your eye on everything NFL by following John Breech on Twitter @JohnBreech.
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