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Browns owners gift $130 million to University of Tennessee, but not for football
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- Browns owners gift $130 million to University of Tennessee, but not for football
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Recently, the C leveland Browns sent a jolt through the NFL world when they traded superstar pass rusher Myles Garrett to the Los Angeles Rams in exchange for a package centered around Jared Verse and draft compensation. The move signals the Browns' full commitment to rebuilding for the future, giving them an elite young player in Verse to build around.
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Now, Browns owners Dee and Jimmy Haslam have made another splashy move–this one off the field, in the form of a $130 million investment to their alma mater, the University of Tennessee, and specifically its Haslam College of Business.
"We are honored to make this investment in UT and the Haslam College of Business," said Dee and Jimmy Haslam in a joint statement, per utk.edu. "The university is experiencing extraordinary momentum, and we are proud to help elevate its national reputation, attract world-class faculty and support the next generation of leaders — all while keeping the best and brightest here in Tennessee."
Jimmy Haslam obtained his wealth through Pilot Flying J, founded by his father, and has expanded his empire to include the Browns during what hasn't always been a fan favorite tenure over the years.
"I am grateful for their counsel, their vision and their generosity. This historic investment will help fuel our high standard of excellence and grow the impact our university has on the people and communities we serve across Tennessee and beyond," said Tennessee Chancellor Donde Plowman.
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Meanwhile, Browns fans are hoping that the Haslams are able to assemble a winning team in their city sooner rather than later, as Cleveland has been in the NFL cellar once again for the last few years and doesn't figure to find a way out anytime soon.
The Browns' season is slated to begin in early September.
Related: Browns' Alex Wright has must-hear Myles Garrett trade story
Related: What gave Browns' Jared Verse 'sunshine' after stunning Myles Garrett trade
