Current:Home > reviewsBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -Elevate Money Guide
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-19 02:41:22
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! (221)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Proof Travis Kelce's Mom Donna Is Welcoming Taylor Swift Into the Family Cheer Squad
- Somalia’s intelligence agency says it blocks WhatsApp groups used by al-Qaida-linked militants
- New British Virgin Islands governor faces heated debate over sovereignty and corruption
- Bodycam footage shows high
- Belarusian journalist accused of being in an extremist group after covering protests gets prison
- US to receive 2022 Olympics team figure skating gold medals after Kamila Valieva ban
- How Kieran Culkin Felt Working With Ex Emma Stone
- Nevada attorney general revives 2020 fake electors case
- Union calls on security workers at most major German airports to strike on Thursday
Ranking
- Intellectuals vs. The Internet
- Utah is the latest state to ban diversity, equity and inclusion efforts on campus and in government
- American consumers feeling more confident than they have in two years
- Georgia seaports handled a record number of automobiles in 2023 while container trade dropped 16%
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Kristin Juszczyk receives NFL licensing rights after making custom jacket for Taylor Swift
- Judge denies Alex Murdaugh's bid for new double-murder trial after hearing jury tampering allegations
- Why Travis Kelce Isn't Attending Grammys 2024 With Taylor Swift
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Watch the moment an elderly woman's uncontrollable tremors stop as she pets a therapy pony
'Riverdale' star Lili Reinhart diagnosed with alopecia amid 'major depressive episode'
2024 Grammys Preview: Five big questions ahead of Sunday’s award show
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Gisele Bündchen mourns death of mother Vânia Nonnenmacher: 'You were an angel on earth'
Hong Kong court orders China's Evergrande, which owes $300 billion, to liquidate
Four Mexican tourists died after a boat capsized in the sea between Cancun and Isla Mujeres