Current:Home > ScamsBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -Wealth Legacy Solutions
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-18 13:10:26
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! (39566)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Mexico's leader denies his country's role in fentanyl crisis. Republicans are furious
- Sickle cell patient's success with gene editing raises hopes and questions
- Tweeting directly from your brain (and what's next)
- Former Syrian official arrested in California who oversaw prison charged with torture
- Kourtney Kardashian announces pregnancy with sign at husband Travis Barker's concert
- Mass Die-Off of Puffins Raises More Fears About Arctic’s Warming Climate
- Decades of Science Denial Related to Climate Change Has Led to Denial of the Coronavirus Pandemic
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Federal judge in Texas hears case that could force a major abortion pill off market
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Lowe’s, Walgreens Tackle Electric Car Charging Dilemma in the U.S.
- Jeremy Renner Jogs for the First Time Since Snowplow Accident in Marvelous Health Update
- Scientists Track a Banned Climate Pollutant’s Mysterious Rise to East China
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Yellowstone’s Grizzlies Wandering Farther from Home and Dying in Higher Numbers
- Global Warming Pushes Microbes into Damaging Climate Feedback Loops
- Coasts Should Plan for 6.5 Feet Sea Level Rise by 2100 as Precaution, Experts Say
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Surviving long COVID three years into the pandemic
Changing our clocks is a health hazard. Just ask a sleep doctor
This Week in Clean Economy: Wind, Solar Industries in Limbo as Congress Set to Adjourn
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Fight Over Fossil Fuel Influence in Climate Talks Ends With Murky Compromise
University of Louisiana at Lafayette Water-Skier Micky Geller Dead at 18
Q&A: 50 Years Ago, a Young Mother’s Book Helped Start an Environmental Revolution