09 Sep 1998
Page 1
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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 09, 1998
Page
1
Al Lerner was awarded ownership of the expansion Browns team to start in 1999 after bidding 530 million dollars, a record for a pro sports franchise. The purchase includes 54 million for stadium cost overruns, bringing the effective fee to 476 million. Lerner, MBNA chief, noted the market determined the price.
Jayson Stark reflects on Mark McGwire's historic 62nd homer off Steve Trachsel in Busch Stadium. The moment seals a lasting chapter in baseball history as Sammy Sosa faces a possible chase later, with Maris’ record now marked.
A profile outlines new Browns owner Al Lerner and his plans. Carmen Policy expresses excitement about the franchise transition. The feature includes Browns chronology and notes on the most expensive sports franchises list.
Fans in Cleveland welcomed banker Al Lerner as the new Browns owner after NFL owners selected him. Residents praised his local ties and strong management team including Carmen Policy and Bernie Kosar, with a $530 million package that includes $54 million for the new stadium.
Al Lerner's team celebrated its inaugural victory at the Renaissance Hotel in Cleveland before TV lights. Bernie Kosar praised the road ahead and Carmen Policy vowed to build the best sports organization in America as the new Browns owner.
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