Current:Home > ScamsBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -WealthGrow Network
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-15 02:17:50
CLEVELAND (AP) — As they position themselves for a possible new domed stadium, the Cleveland Browns are renaming their current one.
The NFL team on Tuesday announced a 20-year agreement with Huntington National Bank, a partnership that includes naming rights. Cleveland’s lakefront stadium will now be called Huntington Bank Field.
The Browns open the 2024 season at home on Sunday against the Dallas Cowboys.
“We are thrilled to reach a long-term partnership agreement with Ohio’s own Huntington Bank,” Browns owners Dee and Jimmy Haslam said. “Huntington Bank has a long-standing reputation of excellence and they continue to grow both regionally and nationally, while keeping their roots here in Ohio.
“Giving back to the community and a focus on education are two of the many attributes that bond our organizations, and we look forward to working with Huntington to make positive impacts in Northeast Ohio and beyond.”
Financial terms were not immediately known.
Huntington is headquartered in Columbus, Ohio. The Haslams also own the MLS Columbus Crew.
The 65,000-seat lakefront stadium had been known as Cleveland Browns Stadium after an agreement with FirstEnergy Corp. ended in 2023. FirstEnergy’s partnership with the team came under scrutiny after the utility company admitted to paying bribes to Ohio lawmakers.
The new partnership comes as the Haslams consider moving the team out of downtown and into a domed stadium. The team recently unveiled plans for a $2.4 billion dome to be built in Brook Park, Ohio. That proposal also includes retail properties and hotels.
The Haslams, who have owned the Browns since 2012, feel a new stadium and entertainment complex could lure major events like a Super Bowl, Final Fours and music acts to the city, triggering development and economic growth.
The team’s lease at its current stadium expires after the 2028 season.
The city has pushed back at those plans, arguing that moving the Browns would have a detrimental impact on downtown. The city has offered to pay roughly half of a $1.1 billion proposal to renovate the stadium, which opened in 1999 when Cleveland returned to the league as an expansion franchise.
___
AP NFL: https://apnews.com/hub/nfl
veryGood! (7)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The hard part is over for Caitlin Clark. Now, she has WNBA draft class to share spotlight
- Future, Metro Boomin announce We Trust You tour following fiery double feature, Drake feud
- Israel locates body of teen whose disappearance sparked deadly settler attack in the West Bank
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Katy Perry Reveals Amazing Singer She Wants to Replace Her on American Idol
- Federal appeals court overturns West Virginia transgender sports ban
- Channing Tatum and Jenna Dewan divorce: Former couple battle over 'Magic Mike' rights
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Future, Metro Boomin announce We Trust You tour following fiery double feature, Drake feud
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Israel says Iran's missile and drone attack largely thwarted, with very little damage caused
- Minnesota Democratic leader disavows local unit’s backing of candidate accused of stalking lawmaker
- 'American Idol' recap: First platinum ticket singer sent home as six contestants say goodbye
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Draft report says Missouri’s House speaker stymied ethics investigation into his spending
- Barbie craze extends to summer grilling with Heinz Classic Barbiecue Sauce
- IMF: Outlook for world economy is brighter, though still modest by historical standards
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
House sends Mayorkas impeachment articles to Senate as clash over trial looms
Travis Kelce's New TV Game Show Hosting Gig Is His Wildest Dream
'Scrubs' stars gather for a mini reunion: 'Getting the band back together!'
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
West Virginia transgender sports ban discriminates against teen athlete, appeals court says
Spotify builds library pop-up in Los Angeles to promote Taylor Swift's 'Tortured Poets'
How Michael Douglas and Catherine Zeta-Jones Hilariously Seduce Their Kids with Fancy Vacations