Current:Home > ScamsBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -OceanicInvest
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-14 23:25:02
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! (663)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Blackhawks say Corey Perry engaged in unacceptable conduct and move to terminate his contract
- Bruce Springsteen's drummer Max Weinberg says vintage car restorer stole $125,000 from him
- Judge rejects effort to dismiss case against former DA charged in Ahmaud Arbery killing’s aftermath
- Intel's stock did something it hasn't done since 2022
- Georgia Republicans move to cut losses as they propose majority-Black districts in special session
- Three hospitals ignored her gravely ill fiancé. Then a young doctor stepped in
- Aretha Franklin's sons awarded real estate following discovery of handwritten will
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Geological hazards lurking below Yellowstone National Park, data show
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Charlie Munger, Warren Buffet’s longtime sidekick at Berkshire Hathaway, dies at 99
- Dinosaur extinction: New study suggests they were killed off by more than an asteroid
- Arkansas attorney general rejects wording of ballot measure seeking to repeal state’s abortion ban
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Savannah Guthrie announces 'very personal' faith-based book 'Mostly What God Does'
- 'We need to do more': California to spend $300 million to clear homeless encampments
- Ohio Supreme Court dismisses 3 long-running redistricting lawsuits against state legislative maps
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Niall Horan stunned by Super Save singer AZÁN on 'The Voice': 'She could really be a threat'
X loses revenue as advertisers halt spending on platform over Elon Musk's posts
Customer sues Chopt eatery chain over salad that she says contained a piece of manager’s finger
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Michigan man accused of keeping dead wife in freezer sentenced to up to 8 years in prison
Small plane crashes into car on Minnesota roadway; pilot and driver suffer only minor injuries
Dakota Johnson Shares How Chris Martin Helps Her When She’s Struggling