Current:Home > InvestBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -VisionFunds
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-14 18:34:54
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! (13499)
Related
- Louvre will undergo expansion and restoration project, Macron says
- Frankie Beverly, soulful 'Before I Let Go' singer and Maze founder, dies at 77
- New Jersey Pinelands forest fire is mostly contained, official says
- Inside Trump's and Harris' starkly different visions for the economy
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Rachel Zoe Speaks Out Amid Divorce From Rodger Berman
- Nebraska’s top election official might try to remove a ballot measure to repeal school funding law
- Mega Millions winning numbers for massive $800 million jackpot on September 10
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Auburn QB Thorne says angry bettors sent him Venmo requests after loss
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Massachusetts man who played same lottery numbers for 20 years finally wins Mega Millions
- America's Got Talent‘s Grace VanderWaal Risks Wardrobe Malfunction in Backless Look at TIFF
- Police in Tyreek Hill incident need to be fired – and the Dolphins owner must speak out
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Check Out All the Couples You Forgot Attended the MTV VMAs
- Pregnant Margot Robbie’s Pal Shares How She’ll Be as a Mom
- Anxiety high as school resumes for some in Georgia district where fatal shooting occurred
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
NFL investigating lawsuit filed against Browns quarterback Deshaun Watson, accused of sexual assault
Joe Jonas and Sophie Turner Finalize Divorce One Year After Split
Protections sought for prison workers in closing of aging Illinois prison
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Detroit-area officer sentenced to prison for assaulting man after his arrest
Flavor Flav Warns Snoop Dogg, Pitbull After Donald Trump's Pet Eating Claim
Who Is Dave Grohl's Wife? Everything to Know About Jordyn Blum