Current:Home > FinanceBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -MacroWatch
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-13 18:24:42
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! (4855)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Kevin Costner addresses rumored relationship with Jewel: 'We've never gone out, ever'
- Bob Good hopes final vote count will put him ahead of Trump-endorsed challenger
- Pennsylvania court will decide whether skill game terminals are gambling machines
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- What’s known, and not known, about the partnership agreement signed by Russia and North Korea
- Biden administration old growth forest proposal doesn’t ban logging, but still angers industry
- FBI raids homes in Oakland, California, including one belonging to the city’s mayor
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- A deadly bacterial infection is spreading in Japan. Here's what to know about causes and prevention.
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Texas court finds Kerry Max Cook innocent of 1977 murder, ending decades-long quest for exoneration
- Maps show path of Alberto, hurricane season's first named storm, as it moves over Mexico
- After wildfires ravage Ruidoso, New Mexico, leaving 2 dead, floods swamp area
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Sabrina Carpenter announces Short n' Sweet North American tour: How to get tickets
- Couple arrested after leaving 2 kids in hot SUV while they shopped, police say
- New Zealand rugby star Connor Garden-Bachop dies at 25 after a medical event
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Anchorage woman found dead in home after standoff with police, SWAT team
Ozempic users are buying smaller clothing sizes. Here's how else GLP-1 drugs are changing consumers.
North Carolina legislature likely heading home soon for a ‘little cooling off’ over budget
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Mette says Taylor Swift's 'prowess is unreal' ahead of her opening London Eras Tour slot
Roller coaster strikes and critically injures man in restricted area of Ohio theme park
Ben Affleck Recounts F--king Bananas Fan Encounter With Wife Jennifer Lopez and Their Kids