Current:Home > MyBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -TruePath Finance
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-24 20:12:43
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! (33387)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Chelsea Lazkani's Husband Jeff Was Allegedly Caught Making Out With Another Woman Before Divorce
- Target adds 1,300 new Halloween products for 2024, including $15 costumes
- US widens indictment of Russians in ‘WhisperGate’ conspiracy to destroy Ukrainian and NATO systems
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Peacock's star-studded 'Fight Night' is the heist you won't believe is real: Review
- Ravens vs. Chiefs kickoff delayed due to lightning in Arrowhead Stadium area
- The Deteriorating Environment Is a Public Concern, but Americans Misunderstand Their Contribution to the Problem
- A South Texas lawmaker’s 15
- Nevada high court ends casino mogul Steve Wynn’s defamation suit against The Associated Press
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Atlantic City’s top casino underpaid its online gambling taxes by $1.1M, regulators say
- Will Taylor Swift show up for Chiefs’ season opener against the Ravens on Thursday night?
- Soccer Star Alex Morgan Reveals She’s Pregnant With Baby No. 2 in Retirement Announcement
- A South Texas lawmaker’s 15
- Best Deals Under $50 at Revolve's End-of-Summer Sale: Get Up to 87% on Top Brands Like Free People & More
- Trump lawyers fight to overturn jury’s finding that he sexually abused E. Jean Carroll
- Without Social Security reform Americans in retirement may lose big, report says
Recommendation
Travis Hunter, the 2
The Toronto International Film Festival is kicking off. Here are 5 things to look for this year
'Bachelorette' Jenn Tran addresses finale debacle: 'My heart is heavy grieving'
The Toronto International Film Festival is kicking off. Here are 5 things to look for this year
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
TikToker Taylor Frankie Paul Shares One Regret After Mormon Swinging Sex Scandal
Inside the Georgia high school where a sleepy morning was pierced by gunfire
Jenn Tran Shares Off-Camera Conversation With Devin Strader During Bachelorette Finale Commercial Break