Latest news with #HaslamSportsGroup
Yahoo
15-07-2025
- Business
- Yahoo
Browns owners close on $25 million home after Ohio gives them $600 million for new stadium
After the state of Ohio gave Jimmy and Dee Haslam $600 million for the proposed move of the Cleveland Browns to Brook Park, the couple purchased a $25 million North Palm Beach, Fla. mansion three days later, according to reports. The oceanfront home is 5,906 square feet on 1.1 acres of land. It was purchased through Dee Haslam's Knox-Main Trust. Advertisement The home, which was built in 1971, was purchased in an off-market sale. It was previously sold in 1990 for $3.2 million. It's inside the gated Lost Tree Village neighborhood. In a situation that's been controversial, the optics of such a move cannot be considered ideal. The Haslam Sports Group received a gift from the state in the recently passed budget bill. And, yes, it's basically a gift that won't have to be repaid, contrary to reports that said that tax revenues from the proposed entertainment district with a domed stadium as its centerpiece, would replace monies taken from the state's unclaimed funds account. Advertisement In the budget the Republican-dominated state legislature established a Sports and Cultural Facility Fund with monies from holdings in the unclaimed funds account. Cleveland Browns owner Jimmy Haslam watches his team during practice at NFL minicamp, Wednesday, June 11, 2025, in Berea, Ohio. reported that the $600 million will not have to be repaid. The Haslam Sports Group was only required to put $100 million in escrow to cover potential stadium shortfalls. If there are no shortfalls, that money will be returned. That gift could face obstacles as two former Democratic members of the legislature have filed a class-action suit on behalf of three individuals to halt the transfer of funds in Franklin County Court. Advertisement No one should tell anyone how or when to spend their money, but... George M. Thomas covers a myriad of things including sports and pop culture, but mostly sports, he thinks, for the Beacon Journal. This article originally appeared on Akron Beacon Journal: Browns owners Jimmy, Dee Haslam close on $25 million Florida mansion
Yahoo
15-07-2025
- Business
- Yahoo
Browns owners close on $25 million home after Ohio gives them $600 million for new stadium
After the state of Ohio gave Jimmy and Dee Haslam $600 million for the proposed move of the Cleveland Browns to Brook Park, the couple purchased a $25 million North Palm Beach, Fla. mansion three days later, according to reports. The oceanfront home is 5,906 square feet on 1.1 acres of land. It was purchased through Dee Haslam's Knox-Main Trust. Advertisement The home, which was built in 1971, was purchased in an off-market sale. It was previously sold in 1990 for $3.2 million. It's inside the gated Lost Tree Village neighborhood. In a situation that's been controversial, the optics of such a move cannot be considered ideal. The Haslam Sports Group received a gift from the state in the recently passed budget bill. And, yes, it's basically a gift that won't have to be repaid, contrary to reports that said that tax revenues from the proposed entertainment district with a domed stadium as its centerpiece, would replace monies taken from the state's unclaimed funds account. Advertisement In the budget the Republican-dominated state legislature established a Sports and Cultural Facility Fund with monies from holdings in the unclaimed funds account. Cleveland Browns owner Jimmy Haslam watches his team during practice at NFL minicamp, Wednesday, June 11, 2025, in Berea, Ohio. reported that the $600 million will not have to be repaid. The Haslam Sports Group was only required to put $100 million in escrow to cover potential stadium shortfalls. If there are no shortfalls, that money will be returned. That gift could face obstacles as two former Democratic members of the legislature have filed a class-action suit on behalf of three individuals to halt the transfer of funds in Franklin County Court. Advertisement No one should tell anyone how or when to spend their money, but... George M. Thomas covers a myriad of things including sports and pop culture, but mostly sports, he thinks, for the Beacon Journal. This article originally appeared on Akron Beacon Journal: Browns owners Jimmy, Dee Haslam close on $25 million Florida mansion
Hindustan Times
08-07-2025
- Business
- Hindustan Times
Lawsuit filed against plan to use unclaimed funds for new Cleveland Browns stadium
COLUMBUS, Ohio — Ohio Republicans' strategy for funding a new domed stadium for the Cleveland Browns using residents' unclaimed funds violates multiple provisions of the state and federal constitutions, according to a class action lawsuit filed in county court. HT Image Former Ohio Attorney General Marc Dann and former state Rep. Jeffrey Crossman, both Democrats, filed the expected legal action in Franklin County Common Pleas on Monday on behalf of three named Ohio residents, as well as all other individuals whose unclaimed funds were being held by the state as of June 30, 2025. They have asked the court for an injunction stopping the plan. The lawsuit argues that taking money from the state's Unclaimed Funds Account to pay for the stadium that Haslam Sports Group is planning for suburban Brook Park, south of Cleveland, violates constitutional prohibitions against taking people's private property for government use, as well as citizens' due process rights. The city of Cleveland has fought the plan. The litigation challenges specific provisions in the state's two-year, $60 billion operating budget that diverts more than $1 billion in unclaimed funds to create an Ohio Cultural and Sports Facility Performance Grant Fund and designate $600 million for the Browns as its first grant. Republican Ohio Attorney General Dave Yost has spoken out against using unclaimed funds for such a purpose, having gone so far as to urge DeWine to veto it. However, the state's top lawyer has said he believes the plan is legally sound. This article was generated from an automated news agency feed without modifications to text.
08-07-2025
- Business
Lawsuit filed against plan to use unclaimed funds for new Cleveland Browns stadium
COLUMBUS, Ohio -- Ohio Republicans' strategy for funding a new domed stadium for the Cleveland Browns using residents' unclaimed funds violates multiple provisions of the state and federal constitutions, according to a class action lawsuit filed in county court. Former Ohio Attorney General Marc Dann and former state Rep. Jeffrey Crossman, both Democrats, filed the expected legal action in Franklin County Common Pleas on Monday on behalf of three named Ohio residents, as well as all other individuals whose unclaimed funds were being held by the state as of June 30, 2025. They have asked the court for an injunction stopping the plan. The lawsuit argues that taking money from the state's Unclaimed Funds Account to pay for the stadium that Haslam Sports Group is planning for suburban Brook Park, south of Cleveland, violates constitutional prohibitions against taking people's private property for government use, as well as citizens' due process rights. The city of Cleveland has fought the plan. The litigation challenges specific provisions in the state's two-year, $60 billion operating budget that diverts more than $1 billion in unclaimed funds to create an Ohio Cultural and Sports Facility Performance Grant Fund and designate $600 million for the Browns as its first grant. Republican Ohio Attorney General Dave Yost has spoken out against using unclaimed funds for such a purpose, having gone so far as to urge DeWine to veto it. However, the state's top lawyer has said he believes the plan is legally sound.
Washington Post
08-07-2025
- Business
- Washington Post
Lawsuit filed against plan to use unclaimed funds for new Cleveland Browns stadium
COLUMBUS, Ohio — Ohio Republicans' strategy for funding a new domed stadium for the Cleveland Browns using residents' unclaimed funds violates multiple provisions of the state and federal constitutions, according to a class action lawsuit filed in county court. Former Ohio Attorney General Marc Dann and former state Rep. Jeffrey Crossman, both Democrats, filed the expected legal action in Franklin County Common Pleas on Monday on behalf of three named Ohio residents, as well as all other individuals whose unclaimed funds were being held by the state as of June 30, 2025. They have asked the court for an injunction stopping the plan. The lawsuit argues that taking money from the state's Unclaimed Funds Account to pay for the stadium that Haslam Sports Group is planning for suburban Brook Park , south of Cleveland, violates constitutional prohibitions against taking people's private property for government use, as well as citizens' due process rights. The city of Cleveland has fought the plan . The litigation challenges specific provisions in the state's two-year, $60 billion operating budget that diverts more than $1 billion in unclaimed funds to create an Ohio Cultural and Sports Facility Performance Grant Fund and designate $600 million for the Browns as its first grant. Republican Ohio Attorney General Dave Yost has spoken out against using unclaimed funds for such a purpose, having gone so far as to urge DeWine to veto it. However, the state's top lawyer has said he believes the plan is legally sound.
