Current:Home > StocksBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -FinanceCore
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-17 22:34:31
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! (24)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Newlyweds and bride’s mother killed in crash after semitruck overturns in Colorado
- 15-year-old who created soap that could treat skin cancer named Time's 2024 Kid of the Year
- TikTok compares itself to foreign-owned American news outlets as it fights forced sale or ban
- Trump's 'stop
- Kim Dotcom loses 12-year fight to halt deportation from New Zealand to face US copyright case
- Here's What Jennifer Lopez Is Up to on Ben Affleck's Birthday
- RHOC's Alexis Bellino Threatens to Expose Videos of Shannon Beador From Night of DUI
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Detroit judge who had teen handcuffed for sleeping temporarily removed from his docket
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- NBA schedule 2024-25: Christmas Day games include Lakers-Warriors and 76ers-Celtics
- Nevada gaming regulators accuse Resorts World casino of accommodating illegal gambling
- NBA schedule 2024-25: Christmas Day games include Lakers-Warriors and 76ers-Celtics
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Powerball winning numbers for August 14 drawing: Jackpot at $35 million
- Shine Bright With Blue Nile’s 25th Anniversary Sale— Best Savings of the Year on the Most Popular Styles
- UNHCR to monitor implementation of Italy-Albania accord to ensure migrants’ asylum rights respected
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Prisoner serving life for murder who escaped in North Carolina has been caught, authorities say
Round 2 of US Rep. Gaetz vs. former Speaker McCarthy plays out in Florida GOP primary
3 killed after semitruck overturns on highway near Denver
The company planning a successor to Concorde makes its first supersonic test
How Ferguson elevated the profile of the Justice Department’s civil rights enforcers
Try these 3 trends to boost your odds of picking Mega Millions winning numbers
Fubo convinces judge to block Disney sports streaming service ahead of NFL kickoff