Current:Home > FinanceBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -FutureFinance
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-17 04:38:59
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! (55)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Friends Actress Marlo Thomas Shares Sweet Memory of Matthew Perry on Set
- Liz Cheney on why she believes Trump's reelection would mean the end of our republic
- New data shows dog respiratory illness up in Canada, Nevada. Experts say treat it like a human cold
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- A toaster placed under a car to heat up the battery likely sparked a fire in Denmark, police say
- Rescuer raises hope of survivors at a Zambian mine where more than 30 have been buried for days
- 50 Fascinating Facts About Jay-Z: From Marcy to Madison Square
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Gore blasts COP28 climate chief and oil companies’ emissions pledges at UN summit
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- 4 arrested in honor killing of 18-year-old Pakistani woman after doctored photo with her boyfriend goes viral
- Opening arguments begin in Jonathan Majors trial
- Ohio State QB Kyle McCord enters NCAA transfer portal
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- CFP committee makes safe call in choosing Alabama over FSU. And it's the right call.
- Vanessa Hudgens Marries Baseball Player Cole Tucker in Mexico
- Florence Pugh Is Hit in the Face by a Thrown Object at Dune: Part Two Event
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Israel expands Gaza ground offensive, says efforts in south will carry no less strength than in north
In the Amazon, Indigenous women bring a tiny tribe back from the brink of extinction
NFL playoff picture: Packers leap into NFC field, Chiefs squander shot at lead for top seed
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
China says a US Navy ship ‘illegally intruded’ into waters in the South China Sea
Muppets from Sesame Workshop help explain opioid addiction to young children
Global warming could cost poor countries trillions. They’ve urged the UN climate summit to help