Randy Lerner Net Worth is
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Randolph D. Lerner (born February 21, 1962) is an American entrepreneur and sports team owner. He was the majority owner of the American football team, the Cleveland Browns, of the National Football League upon the death of his father Alfred "Al" Lerner in October 2002, until August 2012, and has been the Chairman of Aston Villa Football Club of the Premier League since 2006. His personal fortune was estimated at GBP over 1.1 billion in 2013.


Lerner graduated from Columbia University in 1984, spending 1983 at Clare College in Cambridge, England. He graduated from Columbia Law School and is a member of the New York and District of Columbia Bar Associations. Prior to entering the business world, he worked as a lawyer in New York City.
Lerner's business career began at the Progressive Corporation as an investment analyst. In 1991, he started an independent investment firm with Progressive capital called Securities Advisors, Inc. (SAI), which he owned and managed until 2001. SAI initially specialized in arbitrage before shifting its focus to equity investing.
His father Al Lerner became chairman of MBNA Corporation investing $800 million of his own money in the initial public offering (IPO) of the corporation. In 1993, Randy became a director at MBNA. Upon the death of his father on October 23, 2002, Randy became company chairman. He was involved in the sale of MBNA Corporation on January 1, 2006 to Bank of America for $35 billion.
Control of the Browns was given to Lerner, when his father, Al Lerner, died in October 2002 ??? four years to the day after he was awarded the new Browns franchise. Lerner also served as a member of the National Football League's Business Ventures Committee. Lerner was generally a low-key owner during the time he controlled the Browns franchise. In 2012, Lerner sold the team to businessman Jimmy Haslam.
During his time at Cambridge Lerner followed English football (soccer), taking an interest in three teams: Arsenal, Fu

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Randy Lerner Latest News

The Browns Are Set Up for the Future on Paper, But Jimmy Haslam Can Ruin Anything

When you change coaches, it can be a three- or four-year deal to get back.” Since those quotes, Haslam mowed through Pat Shurmur (who he acquired from the Randy Lerner regime) and Rob Chudzinski in one season apiece and Mike Pettine in two. Haslam said ...
Posted: December 7, 2017, 11:27 am

'Last Stop to Nowhere': The Browns' Infamous QB Jersey Has a Tale to Tell

My own personal opinion is that [Browns owner] Randy Lerner wanted it done. Things kind of spiraled out of control there at the end. Quinn: It wasn't D.A.'s fault when he got benched. It wasn't all on him. But he was the scapegoat, because that's ...
Posted: December 8, 2017, 12:00 am

New GM endorses Haslam's view of '18 and beyond' for Hue Jackson

Then-owner Randy Lerner said upon dumping Kokinis that "a credible football authority" was needed. Lerner said he leaned heavily on an emphatic recommendation from Packers personnel icon Ron Wolf toward luring Mike Holmgren. Wolf confirmed the story to The ...
Posted: December 8, 2017, 12:39 pm
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