Report: NFL team officials fear lawsuits could drain Haslam, cost him the Browns

USA TODAY Sports Images

Insiders discuss whether Jimmy Haslam is in any danger of losing the Cleveland Browns.

What many Browns fans have been thinking for nearly a month, since the story first broke in mid-April that team owner Jimmy Haslam's truck stop chain was under federal investigation regarding allegations of widespread rebate fraud, is now making its rounds throughout the NFL.

Mike Freeman of CBS Sports reported several team officials fear that the impending lawsuits, which Haslam is working to settle as we speak, could cost him to the point that he could no longer afford to keep the team, or at the very least keep the team running.

Several team officials are saying they believe it may be extremely difficult for Haslam to keep the Browns, because he may be ensnared by a myriad of lawsuits and legal actions that could drain his finances and prevent him from keeping the club.

"This is more worrisome than people know," said one team official who has familiarized himself with Haslam's situation.

Whether he directly loses the finances or merely the fear and bad press lead the league into forcing him out, Haslam's chances of owning the team in the not-so-distant future appear more grim today than they did yesterday. Freeman continues:

NFL sources say they are concerned about the long-term viability of the Browns under Haslam's control and believe it may be only a matter of time before Haslam is forced to sell the Browns.

The reason: lawsuits. Several have already been filed. If Haslam can win them, then his future as Browns owner is more on solid footing. But if there are massive financial settlements or legal losses, it would prove problematic for Haslam.

This news comes just a day after Haslam publicly apologized to fans for the distraction created by the investigation.

Do you think now that NFL team officials share many of the same concerns regarding the situation that there's more validity to the fears others have been suggesting for a while now?

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Dawgs By Nature

You must be a member of Dawgs By Nature to participate.

We have our own Community Guidelines at Dawgs By Nature. You should read them.

Join Dawgs By Nature

You must be a member of Dawgs By Nature to participate.

We have our own Community Guidelines at Dawgs By Nature. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker