Current:Home > StocksBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -Lighthouse Finance Hub
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-17 19:41:25
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! (94687)
Related
- Rylee Arnold Shares a Long
- Sean ‘Diddy’ Combs is expected in court after New York indictment
- Gilmore Girls' Kelly Bishop Reacts to Criticism of Rory Gilmore's Adult Storyline
- Reservations at Casa Bonita, 'South Park' creators' Denver restaurant fill up in hours
- Man charged with murder in death of beloved Detroit-area neurosurgeon
- Gilmore Girls' Kelly Bishop Reacts to Criticism of Rory Gilmore's Adult Storyline
- 'Golden Bachelorette' Joan Vassos ready to find TV prince: 'You have to kiss some frogs'
- ESPN's Peter Burns details how Missouri fan 'saved my life' as he choked on food
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Mother of Colorado supermarket gunman says he is ‘sick’ and denies knowing about plan
Ranking
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Brush fire leads to evacuations in a north-central Arizona town
- Ex-officer testifies he beat a ‘helpless’ Tyre Nichols then lied about it
- Bachelorette's Jenn Tran Clarifies Jonathan Johnson Relationship After Devin Strader Breakup
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Olympic Gymnast Jordan Chiles Files Appeal Over Bronze Medal Ruling
- San Francisco 49ers WR Deebo Samuel to miss a couple weeks with calf injury
- iPhone 16, new Watch and AirPods are coming: But is Apple thinking differently enough?
Recommendation
Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
The FBI is investigating suspicious packages sent to election officials in at least 8 states
A teen inmate is bound over for trial in a Wisconsin youth prison counselor’s death
If WNBA playoffs started now, who would Caitlin Clark and Fever face?
9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
Sean ‘Diddy’ Combs arrest and abuse allegations: A timeline of key events
Miley Cyrus Sued Over Flowers for Allegedly Copying Bruno Mars Song
Maná removes song with Nicky Jam in protest of his support for Trump