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'''James Arthur "Jimmy" Haslam III''' (born March 1954) is the [[CEO]] of the [[Pilot Flying J]] [[truck stop]] chain and the current majority owner of the [[Cleveland Browns]] of the [[National Football League]].<ref>Josh Flory, "[http://www.knoxnews.com/news/2013/feb/11/jimmy-haslam-reassumes-role-ceo-pilot-flying-j/ Jimmy Haslam Reassumes Role as CEO of Pilot Flying J]," ''Knoxville News Sentinel'', 11 February 2013. Retrieved: 11 February 2013.</ref> On October 16, 2012, Haslam's $1 billion purchase of the Browns was unanimously approved by the 32 teams in the NFL; the sale itself closed on October 25, 2012.<ref>{{cite web|author=Cabot, Mary Kay|date=October 16, 2012|title=Jimmy Haslam is new Cleveland Browns owner after unanimous approval by NFL|url=http://www.cleveland.com/browns/index.ssf/2012/10/jimmy_haslam_is_new_cleveland.html|work=[[The Plain Dealer|Cleveland.com]]|publisher=Cleveland Live LLC|accessdate=October 17, 2012|quote=<small>The sale will close Oct. 25, and Lerner will retain a 30 percent stake for four years.</small>}}</ref><ref>{{cite web|author=Ridenour, Marla|date=October 14, 2012|title=Zest for life should serve new owner Jimmy Haslam well with Browns|url=http://www.ohio.com/news/top-stories/zest-for-life-should-serve-new-owner-jimmy-haslam-well-with-browns-1.341894|work=Ohio.com|publisher=[[Akron Beacon Journal]]|accessdate=October 14, 2012|quote=<small>Randy Lerner’s sale of the Browns to Haslam is expected to be approved by a vote of NFL owners in Chicago on Tuesday, then there will be a waiting period as the reported $1 billion deal closes.</small>}}</ref> His father, fellow businessman [[Jim Haslam]], founded the [[Pilot Flying J]] company in 1958 as the Pilot Oil Corporation. |
'''James Arthur "Jimmy" Haslam III''' (born March 1954) is the [[CEO]] of the [[Pilot Flying J]] [[truck stop]] chain and the current majority owner of the [[Cleveland Browns]] of the [[National Football League]].<ref>Josh Flory, "[http://www.knoxnews.com/news/2013/feb/11/jimmy-haslam-reassumes-role-ceo-pilot-flying-j/ Jimmy Haslam Reassumes Role as CEO of Pilot Flying J]," ''Knoxville News Sentinel'', 11 February 2013. Retrieved: 11 February 2013.</ref> On October 16, 2012, Haslam's $1 billion purchase of the Browns was unanimously approved by the 32 teams in the NFL; the sale itself closed on October 25, 2012.<ref>{{cite web|author=Cabot, Mary Kay|date=October 16, 2012|title=Jimmy Haslam is new Cleveland Browns owner after unanimous approval by NFL|url=http://www.cleveland.com/browns/index.ssf/2012/10/jimmy_haslam_is_new_cleveland.html|work=[[The Plain Dealer|Cleveland.com]]|publisher=Cleveland Live LLC|accessdate=October 17, 2012|quote=<small>The sale will close Oct. 25, and Lerner will retain a 30 percent stake for four years.</small>}}</ref><ref>{{cite web|author=Ridenour, Marla|date=October 14, 2012|title=Zest for life should serve new owner Jimmy Haslam well with Browns|url=http://www.ohio.com/news/top-stories/zest-for-life-should-serve-new-owner-jimmy-haslam-well-with-browns-1.341894|work=Ohio.com|publisher=[[Akron Beacon Journal]]|accessdate=October 14, 2012|quote=<small>Randy Lerner’s sale of the Browns to Haslam is expected to be approved by a vote of NFL owners in Chicago on Tuesday, then there will be a waiting period as the reported $1 billion deal closes.</small>}}</ref> His father, fellow businessman [[Jim Haslam]], founded the [[Pilot Flying J]] company in 1958 as the Pilot Oil Corporation. |
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Haslam is under [http://www.wkyc.com/story/news/investigations/pilot-flying-j/2013/12/30/cleveland-l-browns-owner-haslam-faces-2014-challenges/4253355/ investigation], after the FBI raided the headquarters of his company, Flying J truck stops, for swindling customers for millions on fuel rebates. So far, seven employees have been charged with fraud. Press accounts have predicted Haslam will be indicted early in 2014. |
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Haslam, who lives in his native [[Knoxville, Tennessee]], is brother to [[Bill Haslam]], the [[Governor of Tennessee]].<ref name="cleveland1">{{cite web|author=Bill Lubinger, The Plain Dealer |url=http://www.cleveland.com/browns/index.ssf/2012/07/background_on_jimmy_haslam_iii.html |title=Potential Cleveland Browns owner Jimmy Haslam uses hands-on business approach |publisher=cleveland.com |date= |accessdate=2012-08-02}}</ref> |
Haslam, who lives in his native [[Knoxville, Tennessee]], is brother to [[Bill Haslam]], the [[Governor of Tennessee]].<ref name="cleveland1">{{cite web|author=Bill Lubinger, The Plain Dealer |url=http://www.cleveland.com/browns/index.ssf/2012/07/background_on_jimmy_haslam_iii.html |title=Potential Cleveland Browns owner Jimmy Haslam uses hands-on business approach |publisher=cleveland.com |date= |accessdate=2012-08-02}}</ref> |
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Haslam bought a minority interest in the [[Pittsburgh Steelers]] in 2008. In 2012, he reached an agreement with Browns owner [[Randy Lerner]] to purchase the franchise for $1 billion (USD). The Browns were valued at $977 million in 2011 by Forbes magazine, 20th in the NFL. Haslam's family also owns the [[Tennessee Smokies]], a Class AA affiliate of the [[Chicago Cubs]]. NFL rules prohibit ownership in multiple teams and so Haslam sold his interest in the Steelers.<ref name="cleveland1"/><ref>{{cite web|url=http://www.mansfieldnewsjournal.com/viewart/20120803/SPORTS/208030326/Jimmy-Haslam-agrees-1-billion-price-tag-Browns|title=Jimmy Haslam (III) agrees to $1 billion price tag for Browns|work=Mansfield News-Journal|date=August 3, 2012|accessdate=August 24, 2012}} {{dead link|date=October 2012}}</ref> |
Haslam bought a minority interest in the [[Pittsburgh Steelers]] in 2008. In 2012, he reached an agreement with Browns owner [[Randy Lerner]] to purchase the franchise for $1 billion (USD). The Browns were valued at $977 million in 2011 by Forbes magazine, 20th in the NFL. Haslam's family also owns the [[Tennessee Smokies]], a Class AA affiliate of the [[Chicago Cubs]]. NFL rules prohibit ownership in multiple teams and so Haslam sold his interest in the Steelers.<ref name="cleveland1"/><ref>{{cite web|url=http://www.mansfieldnewsjournal.com/viewart/20120803/SPORTS/208030326/Jimmy-Haslam-agrees-1-billion-price-tag-Browns|title=Jimmy Haslam (III) agrees to $1 billion price tag for Browns|work=Mansfield News-Journal|date=August 3, 2012|accessdate=August 24, 2012}} {{dead link|date=October 2012}}</ref> |
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Haslam is under investigation after the FBI raided the headquarters of his company, Pilot Flying J, for illegally withholding millions of dollars in fuel rebates due to trucking customers. So far, seven employees have been charged with fraud. The company has negotiated an $85 million settlement with 5,500 customers.<ref>Tom Beres, "[[http://www.wkyc.com/story/news/investigations/pilot-flying-j/2013/12/30/cleveland-l-browns-owner-haslam-faces-2014-challenges/4253355/ Browns Owner Jimmy Haslam Faces Challenges in 2014]," WKYC.com, 28 February 2014.</ref> |
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Haslam is married to Susan "Dee" Bagwell Haslam, CEO of [[RIVR Media]]. They have three adult children, Jim, Whitney and Cynthia. |
Haslam is married to Susan "Dee" Bagwell Haslam, CEO of [[RIVR Media]]. They have three adult children, Jim, Whitney and Cynthia. |
Revision as of 13:54, 6 May 2014
Jimmy Haslam | |
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Born | James Arthur Haslam III March 1954[1] |
Alma mater | University of Tennessee |
Occupation(s) | Businessman, NFL team owner, philanthropist |
Years active | 1974–present |
Spouse | Dee Haslam |
Children | Jim, Whitney, and Cynthia |
Parent(s) | Jim Haslam Cynthia Haslam (deceased) |
James Arthur "Jimmy" Haslam III (born March 1954) is the CEO of the Pilot Flying J truck stop chain and the current majority owner of the Cleveland Browns of the National Football League.[3] On October 16, 2012, Haslam's $1 billion purchase of the Browns was unanimously approved by the 32 teams in the NFL; the sale itself closed on October 25, 2012.[4][5] His father, fellow businessman Jim Haslam, founded the Pilot Flying J company in 1958 as the Pilot Oil Corporation.
Haslam, who lives in his native Knoxville, Tennessee, is brother to Bill Haslam, the Governor of Tennessee.[6]
While attending the University of Tennessee Haslam was a roommate of Bob Corker, the current United States Senator from Tennessee. He is a member of the Sigma Chi fraternity.[6]
Haslam bought a minority interest in the Pittsburgh Steelers in 2008. In 2012, he reached an agreement with Browns owner Randy Lerner to purchase the franchise for $1 billion (USD). The Browns were valued at $977 million in 2011 by Forbes magazine, 20th in the NFL. Haslam's family also owns the Tennessee Smokies, a Class AA affiliate of the Chicago Cubs. NFL rules prohibit ownership in multiple teams and so Haslam sold his interest in the Steelers.[6][7]
Haslam is under investigation after the FBI raided the headquarters of his company, Pilot Flying J, for illegally withholding millions of dollars in fuel rebates due to trucking customers. So far, seven employees have been charged with fraud. The company has negotiated an $85 million settlement with 5,500 customers.[8]
Haslam is married to Susan "Dee" Bagwell Haslam, CEO of RIVR Media. They have three adult children, Jim, Whitney and Cynthia.
References
- ^ Flory, Josh (January 20, 2011). "Big deals, big wheels: Family, political fortunes reach new heights for Haslams". KnoxNews.com. Retrieved August 25, 2011.
- ^ "Jimmy Haslam Makes Forbes Billionaires List," Knoxville News Sentinel, 4 March 2013. Retrieved: 4 March 2013.
- ^ Josh Flory, "Jimmy Haslam Reassumes Role as CEO of Pilot Flying J," Knoxville News Sentinel, 11 February 2013. Retrieved: 11 February 2013.
- ^ Cabot, Mary Kay (October 16, 2012). "Jimmy Haslam is new Cleveland Browns owner after unanimous approval by NFL". Cleveland.com. Cleveland Live LLC. Retrieved October 17, 2012.
The sale will close Oct. 25, and Lerner will retain a 30 percent stake for four years.
- ^ Ridenour, Marla (October 14, 2012). "Zest for life should serve new owner Jimmy Haslam well with Browns". Ohio.com. Akron Beacon Journal. Retrieved October 14, 2012.
Randy Lerner's sale of the Browns to Haslam is expected to be approved by a vote of NFL owners in Chicago on Tuesday, then there will be a waiting period as the reported $1 billion deal closes.
- ^ a b c Bill Lubinger, The Plain Dealer. "Potential Cleveland Browns owner Jimmy Haslam uses hands-on business approach". cleveland.com. Retrieved 2012-08-02.
- ^ "Jimmy Haslam (III) agrees to $1 billion price tag for Browns". Mansfield News-Journal. August 3, 2012. Retrieved August 24, 2012. [dead link]
- ^ Tom Beres, "[Browns Owner Jimmy Haslam Faces Challenges in 2014," WKYC.com, 28 February 2014.