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Haslam will have 12-18 months to sell off his stake in Steelers

Published October 14, 2012 09:47 AM
Jimmy Haslam

Cleveland Browns owner-in-waiting Jimmy Haslam laughs on the sidelines before an NFL football game against the Cincinnati Bengals Sunday, Oct. 14, 2012, in Cleveland. Haslam, who purchased majority ownership of the team from Randy Lerner, is expected to be approved as the Browns new owner by the NFL Oct. 16. (AP Photo/Mark Duncan)

AP

As mentioned earlier in the day, Jimmy Haslam possibly will hold simultaneous ownership interests in the Browns and the Steelers.

A separate source tells PFT that Haslam will have roughly 12-18 months to transfer his 12.5-percent stake in the Steelers to another team.

Though the dual ownership may cause Browns fans to wonder about Haslam’s loyalties, he’ll have no involvement in the Steelers. The goal will be to allow Haslam to avoid a fire sale that would force him to sell his share at less than market value -- which would serve only to undermine the remaining value of the Steelers and, indirectly, the value of every other team.