Current:Home > MarketsBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -Zenith Profit Hub
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-12 09:52:34
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! (3776)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- 'The Gilded Age' has bustles, butlers, and Baranski
- Olivia Rodrigo worries she's a 'bad influence' on Jimmy Kimmel's kids as they sing her songs
- Florida orders state universities to disband pro-Palestinian student group, saying it backs Hamas
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- As world roils, US and China seek to ease strained ties and prepare for possible Biden-Xi summit
- The Masked Singer's Jenny McCarthy Is Totally Unrecognizable in Dumbledore Transformation
- Billions for life-saving AIDS program need to continue, George W. Bush Institute tells Congress
- See you latte: Starbucks plans to cut 30% of its menu
- As online banking grew, mortgage lending regulations didn't follow suit. Until now.
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Fresh off a hearty Putin handshake, Orban heads into an EU summit on Ukraine
- Dusty Baker tells newspaper he is retiring as manager of the Houston Astros
- In political battleground of Georgia, a trial is set to determine legitimacy of voting challenge
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Mom convicted of killing kids in Idaho will be sent to Arizona to face murder conspiracy charges
- Devastated Harry Jowsey Reacts to Criticism Over His and Rylee Arnold's DWTS Performance
- Israeli forces ramp up urban warfare training ahead of looming Gaza ground invasion
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Meet Your New Sole-mate: This Spinning Shoe Rack Is Giving Us Cher Horowitz Vibes
Dozens sickened across 22 states in salmonella outbreak linked to bagged, precut onions
Live updates | Israeli troops briefly enter Gaza as wider ground incursion looms
Tom Holland's New Venture Revealed
Watch live: Maine mass shooting press conference, officials to give updates
Medical exceptions to abortion bans often exclude mental health conditions
What to know about Lewiston, Maine, where a mass shooting has left at least 18 people dead