Current:Home > FinanceBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -Blueprint Money Mastery
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
Ethermac Exchange View
Date:2025-04-10 08:12:58
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! (897)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- China accuses Biden of open political provocation for equating President Xi Jinping to dictators
- Ava Phillippe's New Blunt Bangs Make Her Look Even More Like Mom Reese Witherspoon
- $500,000 reward offered 26 years after woman found dead at bottom of cliff in Australia
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Protesters say school kids swung dead cats to mock them at New Zealand feral animal hunt weigh-in
- After Dire U.N. Warning On Climate, Will Anything Change?
- California Wildfires Make A Run Toward A Giant Sequoia Grove
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Why The South Is Decades Ahead Of The West In Wildfire Prevention
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- The Wire Star Lance Reddick's Cause of Death Revealed
- Wagner chief Prigozhin says he's accepted truce brokered by Belarus
- Manchin Calls On Democrats To Hit Pause On The $3.5 Trillion Budget Package
- South Korean president's party divided over defiant martial law speech
- The Mighty Mangrove
- Sydney Sweeney's Second Collection With Frankies Bikinis' Sexiest Yet Swimwear Line Is Here
- Former Brazilian President Bolsonaro barred from elections until 2030, court rules
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Professor, 2 students stabbed in gender issues class at Canadian university; suspect in custody
Michael K. Williams Death Investigation: Man Pleads Guilty in Connection With Actor's Overdose
Smoke plume from Canadian wildfires reaches Europe
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Laura Benanti Shares She Suffered Miscarriage While Performing in Front of 2,000 People Onstage
Many New Orleans Seniors Were Left Without Power For Days After Hurricane Ida
Let's Check In on The Ultimatum Couples: Find Out Who's Still Together