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(CBS Sports)   God Hates Cleveland Part 29,387: Browns new owner is $4 billion in debt   (cbssports.com ) divider line
    More: Fail, Browns, Pilot Flying J, Bill Haslam, Roger Goodell, debts  
•       •       •

1728 clicks; posted to Sports » on 01 Jul 2013 at 4:09 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



50 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-07-01 04:16:06 PM  
At least we aren't Detroit! :D
 
2013-07-01 04:20:24 PM  
He offered to buy the Browns for $1billion, and the NFL didn't think it was a case of money laundering? Or did they just not care?
 
2013-07-01 04:24:18 PM  
God tests those who he knows can take it...  (see Jesus)
 
2013-07-01 04:31:43 PM  
Lesson Learned? Don't trust a guy who's favorite team is your rival to buy your team.


/packers fan
 
2013-07-01 04:33:14 PM  
Perhaps letting Modell take the Browns to Baltimore without a fight was a bad idea.   Given that Modell's dead, extend it to next of kin and anyone associated with the deal.
 
2013-07-01 04:34:50 PM  

sethstorm: Perhaps letting Modell take the Browns to Baltimore without a fight was a bad idea.   Given that Modell's dead, extend an enforceable(read: with some actual teeth to it) "persona non grata" to next of kin and anyone associated with the deal - should they step in Ohio without returning the team from Baltimore.


FTFM
 
2013-07-01 04:36:31 PM  

sethstorm: Perhaps letting Modell take the Browns to Baltimore without a fight was a bad idea.   Given that Modell's dead, extend it to next of kin and anyone associated with the deal.


Without a fight, eh?  You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.
 
2013-07-01 04:40:23 PM  

T.rex: sethstorm: Perhaps letting Modell take the Browns to Baltimore without a fight was a bad idea.   Given that Modell's dead, extend it to next of kin and anyone associated with the deal.

Without a fight, eh?  You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.


This.  Modell was given the very definition of a "fight" when he moved the team.
 
2013-07-01 04:55:15 PM  
Subby, you (and the writer) fail. Miserably. There's a difference between "debt" and "in debt". To the best of my knowledge Pilot (who actually took on the debt) is still liquid. They might not be once the Fed penalties hit. That said, it's egg on the face of the NFL and Cleveland.

/posted from the Haslam Building
 
2013-07-01 04:57:57 PM  
Thanks, Obama
 
2013-07-01 04:59:53 PM  

T.rex: Without a fight, eh? You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.


Except for the part where they left with a good team and that the rest wasn't even worth keeping.  Baltimore at least tried to block the Colts from a departure.
 
2013-07-01 05:18:22 PM  
'Disenfranchise'.   An ugly word that Cleveland, and Haslam, might get to know all too well.
 
2013-07-01 05:27:14 PM  

Rhypskallion: 'Disenfranchise'.   An ugly word that Cleveland, and Haslam, might get to know all too well.


HA, no. Worst case scenario, the Lerner family reassumes control of the team. There is a 0.00000% chance that this team will be leaving Cleveland again.
 
2013-07-01 05:30:40 PM  

CavalierEternal: Rhypskallion: 'Disenfranchise'.   An ugly word that Cleveland, and Haslam, might get to know all too well.

HA, no. Worst case scenario, the Lerner family reassumes control of the team. There is a 0.00000% chance that this team will be leaving Cleveland again.


well, yeah. No city is dumb enough to spend a cent on the Browns.
 
2013-07-01 05:36:20 PM  

Dumb-Ass-Monkey: CavalierEternal: Rhypskallion: 'Disenfranchise'.   An ugly word that Cleveland, and Haslam, might get to know all too well.

HA, no. Worst case scenario, the Lerner family reassumes control of the team. There is a 0.00000% chance that this team will be leaving Cleveland again.

well, yeah. No city is dumb enough to spend a cent on the Browns.


You may have a point, if not for the fact that there are cities out there dumb enough to continue investing in the Jaguars, Eagles and Raiders.
 
2013-07-01 05:38:44 PM  
In other news, I'm really glad the "Featured Partner" links have started showing up on mobile as well.
 
2013-07-01 05:44:31 PM  
So that explains why the Browns didn't chase after Teebus!
 
2013-07-01 05:56:15 PM  

sethstorm: T.rex: Without a fight, eh? You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.

Except for the part where they left with a good team and that the rest wasn't even worth keeping.  Baltimore at least tried to block the Colts from a departure.


I'll have to assume you're trolling, as you're being purposefully dense.   100's of lawsuits, and a filed injunction by the city to keep the team in the city until at least 1998, is not 'trying'?!?

http://en.wikipedia.org/wiki/Cleveland_Browns_relocation_controversy

8 League championship, Jim Brown, Otto Graham, Paul Brown's namesake... none of those stats are worth hanging on to?  Ok then.
 
2013-07-01 05:58:19 PM  
Well, at least Haslam went out and hired Saban to coach the Browns thus getting a great coach and getting a great coach away from the rival of his beloved Vols now being coached by the unconquerable Jon Gruden......wait, what?.....but the message boards all said it was a done deal!!!!
 
2013-07-01 06:14:35 PM  
T.rex:[redacted].
Nope and nope.

100's of lawsuits, and a filed injunction by the city to keep the team in the city until at least 1998, is not 'trying'?!?
None of which actually did anything against Modell and those who aided/abetted his move.

8 League championship, Jim Brown, Otto Graham, Paul Brown's namesake... none of those stats are worth hanging on to?  Ok then.
Given that all they have is history and that the current team stands evenly against the Bengals(which the original Browns would handily defeat), that is nothing.

Just give them the stats for the Baltimore team until it rightfully returns to Cleveland.  Give Baltimore its Colts back, and Indianapolis can have the expansion team.
 
2013-07-01 06:20:20 PM  

sethstorm: T.rex:[redacted].
Nope and nope.

100's of lawsuits, and a filed injunction by the city to keep the team in the city until at least 1998, is not 'trying'?!?
None of which actually did anything against Modell and those who aided/abetted his move.

8 League championship, Jim Brown, Otto Graham, Paul Brown's namesake... none of those stats are worth hanging on to?  Ok then.
Given that all they have is history and that the current team stands evenly against the Bengals(which the original Browns would handily defeat), that is nothing.

Just give them the stats for the Baltimore team until it rightfully returns to Cleveland.  Give Baltimore its Colts back, and Indianapolis can have the expansion team.


So you're saying that Cleveland put up a fight that saved the Browns but didn't touch Modell, and therefore doesn't count?  What, exactly, should Cleveland have done and what exactly would it have accomplished?
 
2013-07-01 06:25:51 PM  
4 Billion dollars in debt...pfft!

I took out a 15 year mortgage and paid it off in 5, I've got 20k in savings and another 100k in my ROTH IRA and I'm only 33 and plan on retiring when I'm 37. Suckers....


/Am I doing this right?
 
2013-07-01 06:47:32 PM  

llortcM_yllort: sethstorm: T.rex:[redacted].
Nope and nope.

100's of lawsuits, and a filed injunction by the city to keep the team in the city until at least 1998, is not 'trying'?!?
None of which actually did anything against Modell and those who aided/abetted his move.

8 League championship, Jim Brown, Otto Graham, Paul Brown's namesake... none of those stats are worth hanging on to?  Ok then.
Given that all they have is history and that the current team stands evenly against the Bengals(which the original Browns would handily defeat), that is nothing.

Just give them the stats for the Baltimore team until it rightfully returns to Cleveland.  Give Baltimore its Colts back, and Indianapolis can have the expansion team.

So you're saying that Cleveland put up a fight that saved the Browns but didn't touch Modell, and therefore doesn't count?  What, exactly, should Cleveland have done and what exactly would it have accomplished?


I think he just wanted the move blocked, period. No compromises.

/doubt that would've worked, but that's my opinion
 
2013-07-01 06:59:43 PM  

snake_beater: llortcM_yllort: sethstorm: T.rex:[redacted].
Nope and nope.

100's of lawsuits, and a filed injunction by the city to keep the team in the city until at least 1998, is not 'trying'?!?
None of which actually did anything against Modell and those who aided/abetted his move.

8 League championship, Jim Brown, Otto Graham, Paul Brown's namesake... none of those stats are worth hanging on to?  Ok then.
Given that all they have is history and that the current team stands evenly against the Bengals(which the original Browns would handily defeat), that is nothing.

Just give them the stats for the Baltimore team until it rightfully returns to Cleveland.  Give Baltimore its Colts back, and Indianapolis can have the expansion team.

So you're saying that Cleveland put up a fight that saved the Browns but didn't touch Modell, and therefore doesn't count?  What, exactly, should Cleveland have done and what exactly would it have accomplished?

I think he just wanted the move blocked, period. No compromises.

/doubt that would've worked, but that's my opinion


Not to mention missing the 'how' of it. HOW exactly is a city supposed to tell a business owner he can't leave without
A) unconstitutional grabbing of private property or
B) a business deal with penalties for leaving (like a lease for a publicly funded stadium)
 
2013-07-01 07:00:44 PM  

dusty15893: 4 Billion dollars in debt...pfft!

I took out a 15 year mortgage and paid it off in 5, I've got 20k in savings and another 100k in my ROTH IRA and I'm only 33 and plan on retiring when I'm 37. Suckers....


/Am I doing this right?


You forgot to mention that you took out no student loans, worked 3 jobs while taking classes at maximum load (18 credit hours), graduated with a STEM-related degree from an Ivy League school, and now have a six-figure job where you only have to work 20 hours a week.  Oh, and you forgot to mention how you bed several women each night, since you refuse to be tied down with smelly kids and a nagging wife.

I think that pretty much sums up every money and debt-related lie I've seen on Fark.
 
2013-07-01 07:12:00 PM  

The Smails Kid: In other news, I'm really glad the "Featured Partner" links have started showing up on mobile as well.


It is awesome.....

I'd only comment that it is perhaps four hundred billion times worse than the useful 'choose page' feature introduced at the same time.

Placating the grumpy masses I think.
 
2013-07-01 07:23:03 PM  

Deneb81: snake_beater: llortcM_yllort: sethstorm: T.rex:[redacted].
Nope and nope.

100's of lawsuits, and a filed injunction by the city to keep the team in the city until at least 1998, is not 'trying'?!?
None of which actually did anything against Modell and those who aided/abetted his move.

8 League championship, Jim Brown, Otto Graham, Paul Brown's namesake... none of those stats are worth hanging on to?  Ok then.
Given that all they have is history and that the current team stands evenly against the Bengals(which the original Browns would handily defeat), that is nothing.

Just give them the stats for the Baltimore team until it rightfully returns to Cleveland.  Give Baltimore its Colts back, and Indianapolis can have the expansion team.

So you're saying that Cleveland put up a fight that saved the Browns but didn't touch Modell, and therefore doesn't count?  What, exactly, should Cleveland have done and what exactly would it have accomplished?

I think he just wanted the move blocked, period. No compromises.

/doubt that would've worked, but that's my opinion

Not to mention missing the 'how' of it. HOW exactly is a city supposed to tell a business owner he can't leave without
A) unconstitutional grabbing of private property or
B) a business deal with penalties for leaving (like a lease for a publicly funded stadium)


After some 'research' (i.e. reading some Wikipedia articles), I think this guy expected Cleveland to do something similar to what Baltimore did when the Colts left. Course, it most likely wouldn't have worked and even if it did, it would create a legal mess involving your first point, but at least they 'tried' in his eyes.

/if you ask me, what happened with the Colts is  exactly why Cleveland didn't try that legal stunt
 
2013-07-01 07:32:13 PM  
The  companythat Haslam is the CEO for has a debt load of $4 billion - and annual sales of $30 billion.  I'm pretty sure they're going to be fine.
 
2013-07-01 07:51:04 PM  

T.rex: You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.


I have never understood the value in this.  Empty victory.  It's like your husband leaves you, but you get to keep his name.  He has to change his name, but he goes on to become very wealthy while you are homeless for several years.  Eventually you get a new husband who isn't as attractive or successful as the one who left you, but you get to give him your old husband's name?  Big farking deal.
 
2013-07-01 07:56:11 PM  
I wish someone would let me go $4 billion in debt. I would have an awesome time
 
2013-07-01 07:58:40 PM  

mjbok: T.rex: You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.

I have never understood the value in this.  Empty victory.  It's like your husband leaves you, but you get to keep his name.  He has to change his name, but he goes on to become very wealthy while you are homeless for several years.  Eventually you get a new husband who isn't as attractive or successful as the one who left you, but you get to give him your old husband's name?  Big farking deal.


The best part is that because of the whole name thing you can taunt fans of both cities simply by referring to the Baltimore Browns, something I love to do. If only there were a way to incorporate the Bengals in there somewhere so I could hammer the entire division at the same time.

/Cleveland has no luck
//I want the Browns/Steelers rivalry to mean something again
 
2013-07-01 08:16:14 PM  

Adolf Oliver Nipples: //I want the Browns/Steelers rivalry to mean something again


I love how every couple of years the Steelers will go into Cleveland and get wallopped.
 
2013-07-01 08:23:07 PM  

neuroflare: I love how every couple of years the Steelers will go into Cleveland and get wallopped.


But they can light the long bus ride home with reflections off of their many Lombardi trophies.

//Not a Steeler fan.
 
2013-07-01 08:34:29 PM  

neuroflare: I love how every couple of years the Steelers will go into Cleveland and get wallopped.


If by every couple of years you mean twice a decade, well, upsets happen. Which would you rather the Browns be, lucky or good?
 
2013-07-01 08:40:05 PM  
"The company's debt nearly doubled to $4 billion in a two-year period through last year, as its owners paid themselves two payments totaling $1.7 billion from it, according to Moody's.

From "How to be a farking Billionaire 101":
Step 1) Start a company.
Step 2) Get a lone for $4,000,000,000.00
Step 3) Pocket $2,000,000,000.00
 
2013-07-01 08:41:10 PM  

Adolf Oliver Nipples: Which would you rather the Browns be, lucky or good?


This guy is happy to be lucky and kind of good.
 
2013-07-01 08:42:13 PM  

mjbok: Adolf Oliver Nipples: Which would you rather the Browns be, lucky or good?

This guy is happy to be lucky and kind of good.


Ate my picture:

chicitysportsfan.com
 
2013-07-01 08:45:46 PM  

Adolf Oliver Nipples: neuroflare: I love how every couple of years the Steelers will go into Cleveland and get wallopped.

If by every couple of years you mean twice a decade, well, upsets happen. Which would you rather the Browns be, lucky or good?


I just always enjoyed tht Cleveland has roughed up the Steelers in games they lost - let alone the wins.

Harrison's suspension for McCoy getting decapitated, Big Ben's panoply of injuries... They're good at leaving a mark even in a loss - for Pittsburgh at least.

/go Ravens!
//CLE likely still would have had shiatty ownership not long after '96. May have even been the same.
 
2013-07-01 09:46:02 PM  
I live in Cleveland.

/I hate every single second of it.
 
2013-07-01 10:31:35 PM  

Adolf Oliver Nipples: neuroflare: I love how every couple of years the Steelers will go into Cleveland and get wallopped.

If by every couple of years you mean twice a decade, well, upsets happen. Which would you rather the Browns be, lucky or good?


I don't really care, I'm not a Browns fan.
 
2013-07-02 12:24:56 AM  
I knew Pilot was deep in the red after swallowing Flying J, I just didn't know it was still that bad. Hooboy.

That said, Jimmy can make enough money off of the Browns to not have to worry about paying for the team.

That also said, it becomes an issue if starts taking money from the Browns to keep Pilot upright. I wouldn't be surprised if Goddell is already working on cutting that off at the pass by DeBartoloing Jimmy and handing the team to another Haslam like Jimmy II or Governor Bill.
 
2013-07-02 01:08:15 AM  

snake_beater: After some 'research' (i.e. reading some Wikipedia articles), I think this guy expected Cleveland to do something similar to what Baltimore did when the Colts left. Course, it most likely wouldn't have worked and even if it did, it would create a legal mess involving your first point, but at least they 'tried' in his eyes.

/if you ask me, what happened with the Colts is exactly why Cleveland didn't try that legal stunt


Well, the largest thing that made the attempt on the Colts fail is that the measure wasn't passed through fast enough - as the Colts moved before the restriction could be enacted.  It's kind of hard to lock a team in place without the team in question.


If Modell wanted to not become the most unwelcome person in Cleveland, he could have just sold the team and debt to someone else - instead of sneaking the team out with full knowledge that the move would be unpopular.  If there are any other sports personalities or teams that have the idea to leave, it should be SOP to have them be well-informed that they should do it with class(unlike James) and to not be underhanded about it(unlike Modell).


Deneb81: /go Ravens! Browns!

FTFY.


/Are there any athletes/teams/etc. that move from Cleveland(or Ohio, nonetheless) and manage to have some class about it?
//So far, it seems that they take the "fark you, and the horse you rode in on" approach
 
2013-07-02 01:28:39 AM  

neuroflare: Adolf Oliver Nipples: //I want the Browns/Steelers rivalry to mean something again

I love how every couple of years the Steelers will go into Cleveland and get wallopped.


Its good for what is left of the rivalry.

That being said, its funny how Browns fans get a set of balls when the team that could have been theirs does well.

/My 8 year old niece, who lives in Cleveland talks shiat to me
//I give it right back (but scaled down)
///When she is old enough, she will cry.
//// I will buy her a LeBron jersey to make it up to her
 
2013-07-02 07:04:44 AM  

sethstorm: snake_beater: After some 'research' (i.e. reading some Wikipedia articles), I think this guy expected Cleveland to do something similar to what Baltimore did when the Colts left. Course, it most likely wouldn't have worked and even if it did, it would create a legal mess involving your first point, but at least they 'tried' in his eyes.

/if you ask me, what happened with the Colts is exactly why Cleveland didn't try that legal stunt

Well, the largest thing that made the attempt on the Colts fail is that the measure wasn't passed through fast enough - as the Colts moved before the restriction could be enacted.  It's kind of hard to lock a team in place without the team in question.


If Modell wanted to not become the most unwelcome person in Cleveland, he could have just sold the team and debt to someone else - instead of sneaking the team out with full knowledge that the move would be unpopular.  If there are any other sports personalities or teams that have the idea to leave, it should be SOP to have them be well-informed that they should do it with class(unlike James) and to not be underhanded about it(unlike Modell).


Deneb81: /go Ravens! Browns!
FTFY.


/Are there any athletes/teams/etc. that move from Cleveland(or Ohio, nonetheless) and manage to have some class about it?
//So far, it seems that they take the "fark you, and the horse you rode in on" approach


Who exactly other than Modell and Lebron are you even thinking of? Players leave Cleveland all the time. You rarely hear anything about it.
 
2013-07-02 08:23:27 AM  

Deneb81: Who exactly other than Modell and Lebron are you even thinking of? Players leave Cleveland all the time. You rarely hear anything about it.


Either they're not doing too well, or know well enough to have some class about their departure.
 
2013-07-02 09:33:28 AM  

dusty15893: 4 Billion dollars in debt...pfft!

I took out a 15 year mortgage and paid it off in 5, I've got 20k in savings and another 100k in my ROTH IRA and I'm only 33 and plan on retiring when I'm 37. Suckers....


/Am I doing this right?


If you retire at 37 with those assets, you will be eating Ramen within 9 years, cash in your IRA, then be broke 10 years after that.
 
2013-07-02 10:25:11 AM  

The Dreaded Rear Admiral: T.rex: sethstorm: Perhaps letting Modell take the Browns to Baltimore without a fight was a bad idea.   Given that Modell's dead, extend it to next of kin and anyone associated with the deal.

Without a fight, eh?  You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.

This.  Modell was given the very definition of a "fight" when he moved the team.


It was the city of Cleveland's and partly Art's fault they left.  You want a professional sports team?  You have to give it a place to play and not a shiat hole 65 year old eyesore that was Cleveland Municipal Stadium.   Art was paying for repairs out of his own pocket.  Now Art was at fault too because he declined to get involved with the gateway project which would have given him a new stadium, but he was a greedy old farker and rolled the dice.  But he didn't lose, the city of Cleveland did

Leadership on both sides caused this to happen.
 
2013-07-02 02:26:26 PM  

mjbok: T.rex: You do realize he was taken to court and had to leave the team name, stats, and logo all behind... Then they got an expansion team within a few years... Name me any other city who accomplished that.

I have never understood the value in this.  Empty victory.  It's like your husband leaves you, but you get to keep his name.  He has to change his name, but he goes on to become very wealthy while you are homeless for several years.  Eventually you get a new husband who isn't as attractive or successful as the one who left you, but you get to give him your old husband's name?  Big farking deal.


Its really rather simple... The fans feel ownership over the team name, colors, etc.  They were raised up on it, and it helps form an identity.     In other words, while the team in its financial sense belonged to Modell, the Cleveland Browns as an entity, belongs to Clevelanders.   

The Browns existed in Cleveland BEFORE Modell bought the team, so why shouldn't it exist, even if he leaves?

A better analogy than the one you used, is, if someone tried taking your first name, and you prevented it from happening.
 
2013-07-02 08:51:22 PM  

iron_city_ap: neuroflare: Adolf Oliver Nipples: //I want the Browns/Steelers rivalry to mean something again

I love how every couple of years the Steelers will go into Cleveland and get wallopped.

Its good for what is left of the rivalry.

That being said, its funny how Browns fans get a set of balls when the team that could have been theirs does well.

/My 8 year old niece, who lives in Cleveland talks shiat to me
//I give it right back (but scaled down)
///When she is old enough, she will cry.
//// I will buy her a LeBron jersey to make it up to her


You're a sick, sick man. I like it.
 
2013-07-02 09:31:33 PM  

T.rex: A better analogy than the one you used, is, if someone tried taking your first name, and you prevented it from happening.


That analogy doesn't work at all because in your scenario I lose nothing.  A better one would be I have a show dog, someone takes the show dog, but I get to keep its papers.  Even without the papers my old dog goes on to win best in show at Westminster, but I (in a few years) get a mutt that shiats on the carpet.  But hey, it still has its AKC papers.

You can call it the same team name, but it's not the same team.  It's silly.  Just like the Texans are not the same team as the other Texans that played in the NFL.
 
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