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Cleveland Stadium, where the Browns played until 1995.. In 1975, knowing that Municipal Stadium was costing the city more than $300,000 a year to operate, then-Browns owner Art Modell signed a 25-year lease in which he agreed to incur these expenses in exchange for quasi-ownership of the stadium, a portion of his annual profits, and capital improvements to the stadium at his expense. [7]
The charges were dropped after the fan apologized and appeared on David Modell's radio show. [46] Art Modell was the grandson of the founder of Modell's Sporting Goods, Morris A. Modell, but had nothing to do with that company. Established in 1889, Modell's was a Northeastern US retail chain that transitioned to online-only after a 2020 ...
The law in question, Ohio Revised Code 9.67, was enacted in June 1996 after owner Art Modell moved the original Browns franchise to Baltimore, where they became the Ravens.
In 1973, then-Browns owner Art Modell signed a 25-year lease to operate Cleveland Municipal Stadium. [34] Modell's newly formed company, Stadium Corporation, assumed the expenses of operations from the city, freeing up tax revenue for other purposes. [35] Also, Modell would pay an annual rent of $150,000 for the first five years and $200,000 ...
CLEVELAND (AP) — The Browns' back-and-forth battle with Cleveland over a planned move into a new suburban stadium has gone to court. The NFL team said Thursday it has filed a lawsuit in federal court asking for clarification of the “Modell Law,” which the city has threatened to use to keep the Browns from leaving after their lease at lakefront Huntington Bank Field expires in 2028.
Cleveland owner Art Modell in 1983. Lawsuits by Browns minority owner Bob Gries and the Indians in the early 1980s exacerbated his financial problems. When the stadium was profitable, Modell had used Stadium Corp. to buy land in Strongsville that he had previously acquired as the potential site for a future new stadium. Modell originally paid ...
McBride and his partners sold the team to a group of Cleveland businessmen in 1953 for a then-unheard-of $600,000. Eight years later, the team was sold again, this time to a group led by New York advertising executive Art Modell. Modell fired Brown before the 1963 season, but the team continued to win behind running back Jim Brown. The Browns ...
Former owner Art Modell's relocation of the Browns after the 1995 season (to Baltimore creating the Ravens), caused tremendous heartbreak and resentment among local fans. [1] Cleveland mayor, Michael R. White, worked with the NFL and Commissioner Paul Tagliabue to bring back the Browns beginning in 1999 season, retaining all team history. [2]