Browns sells small stake of team to private equity firm

Browns sells small stake of team to private equity firm

The Cleveland Browns sold a three percent stake in the team to Arctos, a private equity firm.

Browns Expected To Move Forward On Equity Deal

(Photo by Jason Miller/Getty Images)   The Cleveland Browns have already undergone changes during the offseason, but more may be on the horizon. However, they won’t all be about players on the field. The Browns are currently in the midst of selling a portion of their franchise, and league owners will vote on their choice. Jonathan Jones reported the news on Tuesday morning. “NFL owners are expected to vote later today on the sale of 3% of the Cl…