Browns Expected To Sell Minority Stake To Arctos Private-Equity Fund

5 minutes ago

Browns Expected To Sell Minority Stake To Arctos Private-Equity Fund

The Cleveland Browns are expected to sell a three-percent ownership stake to private-equity firm Arctos pending approval from NFL owners. Arctos already owns minority stakes in the Buffalo Bills and Los Angeles Chargers. The investment would reportedly help support the Browns’ plans for a new stadium project, which is expected to cost more than $1.7 billion.

By Sauvik Banerjee

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