Haslam in 2013
|Born||James Arthur Haslam III
March 9, 1954
|Alma mater||University of Tennessee|
|Occupation||Businessman, NFL team owner, philanthropist|
|Net worth||US$ 1.85 billion (Nov. 2014)|
|Spouse(s)||Dee Bagwell (1976-present)|
|Children||Jim, Whitney, and Cynthia|
Cynthia Haslam (deceased)
James Arthur "Jimmy" Haslam III (born March 9, 1954) is the CEO of the Pilot Flying J truck stop chain and the current majority owner of the Cleveland Browns of the National Football League. On October 16, 2012, Haslam's $1 billion purchase of the Browns was unanimously approved by the 32 teams in the NFL; the sale itself closed on October 25, 2012. His father, fellow businessman Jim Haslam, founded the Pilot Flying J company in 1958 as the Pilot Oil Corporation.
Pilot Flying J's headquarters were raided in April 2013, as federal investigators looked into claims that the company deliberately withheld rebate payments from trucking companies. On June 14, 2014 Pilot Flying J reached an understanding with the U.S. Attorney's Office, Eastern District of Tennessee, and the U.S. Department of Justice that the company would not be prosecuted, assuming it follows the terms of the agreement, including paying a monetary penalty over a two-year period.
Haslam bought a minority interest in the Pittsburgh Steelers in 2008. In 2012, he reached an agreement with Browns owner Randy Lerner to purchase the franchise for $1 billion (USD). The Browns were valued at $977 million in 2011 by Forbes magazine, 20th in the NFL. NFL rules prohibit ownership in multiple teams and so Haslam sold his interest in the Steelers.
Jimmy Haslam's civic involvement includes service on the boards of directors for the United Way of Greater Knoxville and Lakeshore Park in Knoxville, and he also serves as Honorary Chair of the Boys & Girls Clubs of Cleveland campaign committee. He is the co-founder of the Haslam Scholars Program at University of Tennessee and formerly served as campaign chair for Knox Area Rescue Ministries and United Way of Greater Knoxville. Haslam also serves on the boards of the National Association of Truckstop Operators and Anderson Media Corporation.
In 2006, he served as Tennessee statewide campaign chair for the United States Senator Bob Corker and in 2012, he served as Statewide Finance Chairman for Tennessee Governor Bill Haslam, his brother.
Haslam was inducted into the Junior Achievement of East Tennessee Business Hall of Fame in 2007, and in 2010, he was named a recipient of the Ernst & Young Entrepreneur Of The Year award for the Southeast region. In 2013, the University of Tennessee recognized Haslam with the Distinguished Alumnus Award. He is the co-founder of the Haslam Scholars Program for premier honor students at the University of Tennessee.
Previous director for:
- University of Tennessee Athletics
- Innovation Valley, Inc.
- First Horizon Corporation
- Clayton Family Foundation
- Federal Reserve Board Energy Advisory Council
- National Association of Convenience Stores Leadership Council
- Cleveland Clinic
Awards and honors
- Jr. Achievement of East Tennessee Business Hall of Fame (class of 2007)
- Significant Sig Award from the Sigma Chi Foundation
- 2010 Ernst & Young Entrepreneur of the Year Award
- 2011 University of Tennessee College of Business Administration's Distinguished Alumni Award
- Flory, Josh (January 20, 2011). "Big deals, big wheels: Family, political fortunes reach new heights for Haslams". KnoxNews.com. Retrieved August 25, 2011.
- Forbes: The World's Billionaires - Jimmy Haslam Nov. 2014
- Josh Flory, "Jimmy Haslam Reassumes Role as CEO of Pilot Flying J," Knoxville News Sentinel, 11 February 2013. Retrieved: 11 February 2013.
- Cabot, Mary Kay (October 16, 2012). "Jimmy Haslam is new Cleveland Browns owner after unanimous approval by NFL". Cleveland.com. Cleveland Live LLC. Retrieved October 17, 2012.
The sale will close Oct. 25, and Lerner will retain a 30 percent stake for four years.
- Ridenour, Marla (October 14, 2012). "Zest for life should serve new owner Jimmy Haslam well with Browns". Ohio.com. Akron Beacon Journal. Retrieved October 14, 2012.
Randy Lerner’s sale of the Browns to Haslam is expected to be approved by a vote of NFL owners in Chicago on Tuesday, then there will be a waiting period as the reported $1 billion deal closes.
- Kristen Seabrook, "Haslam family's Pilot Flying J reaches deal with feds, company avoids prosecution," Nashville Business Journal, 14 July 2014. Retrieved: 14 July 2014.
- Bill Lubinger, The Plain Dealer. "Potential Cleveland Browns owner Jimmy Haslam uses hands-on business approach". cleveland.com. Retrieved 2012-08-02.
- "Jimmy Haslam (III) agrees to $1 billion price tag for Browns". Mansfield News-Journal. August 3, 2012. Retrieved August 24, 2012.[dead link]
- Anne Lezotte, "/ Jimmy Haslam Biography," Pilot Flying J , 11 September 2014. Retrieved: 12 September 2014.