Baskin: Cleveland Browns confirm team is up for sale following statement about investor

CLEVELAND - The Cleveland Browns have confirmed to NewsChannel5 Sports Director Andy Baskin that the team is up for sale.

This information comes Friday after the team released a statement saying owner Randy Lerner is in talks with a possible investor in the team.

In the statement, Lerner did not specify if it was a sale, but such rumors have persisted.

Here is his full statement:

"In connection with current rumors and press inquiries, I can report that I've been approached by Mr. Jimmy Haslam, who is interested in making an investment in the Cleveland Browns.  We are currently in negotiations and both sides have agreed to keep that dialogue and its details private. Given that any transaction would require League approval, care has been taken so that this process will not be disruptive to the organization, in particular the football team, as it prepares for the upcoming season. We will share further details or make an announcement if it becomes necessary."

Browns President Mike Holmgren is expected to talk with media at 2 p.m.

Keep checking newsnet5.com for the latest on this developing story.