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Established in 1889, Modell's was a Northeastern US retail chain that transitioned to online-only after a 2020 bankruptcy reorganization. When Modell Sporting Goods attempted to penetrate Maryland markets, it hoped that a perceived association with Art Modell's Baltimore Ravens would be helpful, but ultimately they were unsuccessful. [47]
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]
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 ...
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 ...
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The renovated facility, renamed the Iris S. and Bert L. Wolstein Football Center, contained new locker rooms, a media center, and recruitment center. [ 38 ] The Wolsteins donated $100,000 ($172,000 in 2023 dollars) to the Cleveland–Marshall College of Law in 2001, which helped to fund scholarships for needy law students and to assist the law ...
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 ...