Browns sale approved; Holmgren out as president
CHICAGO – Mike Holmgren won’t be finishing the job he went to do in Cleveland.
New Cleveland Browns owner Jimmy Haslam III said Tuesday that Holmgren was out as team president, although the Super Bowl-winning coach will remain with the franchise to help in the transition.
Haslam was introduced as the Browns’ new boss after the 32 NFL owners unanimously approved his $1 billion purchase of the team from Randy Lerner. Moments later, Haslam announced that former Eagles President Joe Banner would become chief executive officer. The move takes effect Oct. 25 when the sale is concluded.