Current:Home > MarketsBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -AssetTrainer
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-26 17:37:56
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! (9)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- The Fed will make an interest rate decision next week. Here's what it may mean for mortgage rates.
- In Benin, Voodoo’s birthplace, believers bemoan steady shrinkage of forests they revere as sacred
- Most Palestinians in Gaza are cut off from the world. Those who connect talk of horror, hopelessness
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Boys graduate high school at lower rates than girls, with lifelong consequences
- Maine mass shootings updates: Note from suspected gunman; Biden posts condolences
- Jagger watches Barcelona wear Stones logo in ‘clasico’ but Beatles fan Bellingham gets Madrid winner
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- 6 people were killed and 40 injured when two trains collided in southern India
Ranking
- Travis Hunter, the 2
- Mexico assessing Hurricane Otis devastation as Acapulco reels
- Last Beatles song, Now And Then, will be released Nov. 2 with help from AI
- Talks on Ukraine’s peace plan open in Malta with officials from 65 countries — but not Russia
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- More help arrives in Acapulco, and hurricane’s death toll rises to 39 as searchers comb debris
- Rescuers search for missing migrants off Sicilian beach after a shipwreck kills at least 5
- Police were alerted just last month about Maine shooter’s threats. ‘We couldn’t locate him.’
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Oprah chooses Let Us Descend by Jesmyn Ward as new book club pick
North Dakota police officer fired for injuring suspect gets probation after changing plea
Trade tops the agenda as Germany’s Scholz meets Nigerian leader on West Africa trip
Skins Game to make return to Thanksgiving week with a modern look
Prosecutor refiles case accusing Missouri woman accused of killing her friend
Rangers star Corey Seager shows raw emotion in dramatic World Series comeback
Residents of Maine gather to pray and reflect, four days after a mass shooting left 18 dead