Jimmy Haslam approved as Browns owner, Mike Holmgren out as president

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Tuesday October 16th, 2012

Jimmy Haslam III, whose $1.05 billion purchase of the Browns was unanimously approved by NFL owners Tuesday morning, didn't waste much time in making his first major move. Within a few hours of the approval, Haslam replaced president Mike Holmgren with Joe Banner, according to a sources reporting to ESPN's Ed Werder. Banner was president of the Eagles and had been with the organization for 18 years before departing in June. Haslam will hold a press conference Tuesday afternoon to announce the Banner move.

The news of Haslam's approval was met with positive reactions from fans and analysts. ESPN's Chris Fedor tweeted:

https://twitter.com/ChrisFedor/status/258188563764625408

according to an NFL report
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