As Browns owner Jimmy Haslam stands by to watch what happens to his Pilot Flying J company -- the FBI investigated its headquarters on the charges that the company had committed rebate fraud to a number of trucking companies, and a number of executives have since pleaded guilty -- he received more bad news last week. According to the Wall Street Journal, via the Cleveland Plain Dealer, the Pilot Flying J has about $4 billion worth of debt and its credit rating has been downgraded by the S&P, which called the financial risk “significant.” NFL commissioner Roger Goodell said in April that “Jimmy is doing everything he's asked. He's cooperating. He wants to make sure that he is doing all of the right things in that regard and he has assured us that he is going to [do all of the right things].” The league also said at the time that it has no plans to remove Haslam from his Browns ownership post. But Haslam hasn't made much good news since he paid about $1 billion, including $700 million up front, to buy the Browns last October.
Report: Haslam's Pilot Flying J $4 billion in debt, credit rating hurt
CBS Sports | Jul 1