who owns the cleveland browns?
Randy Lerner
neutral
 The Browns are only one of 12 NFL franchises to predate the 1960 launch of the American Football League , and only one of three such teams in the AFC . 

entailment
 During the summer before the 1953 season , McBride sold the Browns for $ 600 @,@ 000 ( $ 5 @,@ 306 @,@ 716 in today 's dollars ) , more than twice the largest sum ever paid for a professional football team . The old stockholders were McBride and his son Edward , along with minority owners including taxi business associate Dan Sherby , Brown and four others . The buyers were a group of prominent Cleveland men : Dave R. Jones , a businessman and former Cleveland Indians director , Ellis Ryan , a former Cleveland Indians president , Homer Marshman , an attorney who had founded the Cleveland Rams , Saul Silberman , owner of the horse race track later known as Thistledown Racecourse , and Ralph DeChairo , an associate of Silberman . While McBride never said so , the Kefauver hearings and the growing public association between him and the mafia may have played a role in his decision to get out of football . McBride said he had simply " had his fling " with football and wanted to concentrate on other business activities . " Well , I came out clean after all , " he said . " Considering what happened to some of the other fellows who started the old All @-@ America Conference with me , this isn 't so bad . I never made anything , but I didn 't lose anything either , except maybe a few thousand dollars . " 

entailment
 During the summer before the 1953 season , the Browns ' original owners sold the team for a then @-@ unheard @-@ of $ 600 @,@ 000 . The buyers were a group of prominent Cleveland men : Dave R. Jones , a businessman and former Cleveland Indians director , Ellis Ryan , a former Indians president , Homer Marshman , an attorney , and Saul Silberman , owner of the Randall Park race track . McBride had been called in 1950 to testify before the Kefauver Committee , a congressional body investigating organized crime , which partly exposed his ties to mafia figures but did not result in any charges . While McBride never said so , the Kefauver hearings and the growing public association between him and the mafia may have played a role in his decision to get out of football . 

entailment
 On March 14 , 2016 , Sony announced that it would acquire the Jackson estate 's stake in Sony / ATV in a deal valued at around $ 750 million , pending regulatory approval . The estate will retain a 10 % stake in EMI Music Publishing , as well as a stake in Mijac Music , which holds the rights to Michael Jackson 's songs and master recordings . Sony Entertainment CEO Michael Lynton stated that the purchase would " enable Sony to more quickly adapt to changes in the music publishing business , while at the same time continuing to be an unparalleled leader in the industry and a treasured home for artists and writers . " The revenue will primarily be used to pay off the estate 's $ 500 million in debt , with the remainder to be placed in trust for Jackson 's children . The deal is slated to be completed by late @-@ 2016 or early @-@ 2017 . 

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 In October 2015 , it was reported that a clause had been triggered in the agreement between Sony and the estate of Michael Jackson , allowing Sony to make a takeover bid for the Sony / ATV stake held by the estate of Michael Jackson , or vice versa . Billboard felt that Sony acquiring the estate 's stake was the most likely outcome , noting the potential revenue the library could bring in regards to licensing for on @-@ demand music streaming services . 
