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Where did the money go?

Browns owner Jimmy Haslam’s company Pilot Flying J is reportedly $4 billion in debt

Quote:In April, Cleveland Browns owner Jimmy Haslam made news for the wrong kind of reasons when his truck stop company, Pilot Flying J, was investigated for fraud by the FBI. The feds have accused the company's sales executives of withholding fuel rebates to defraud trucking companies.

Note: several Flying J execs have now pleaded guilty to fraud.

Quote: "The company's debt nearly doubled to $4 billion in a two-year period through last year, as its owners paid themselves two payments totaling $1.7 billion from it, according to Moody's.

"Last year, Pilot issued $1.1 billion of the debt -- largely to fund the second one, a dividend for $700 million, according to S&P. That was partly so Jimmy could buy the Cleveland Browns."

Well, since I'm not a Browns fan, now I hope they lose every game.

I'm always impressed when someone is revealed as being 4 Billion in debt. Dang, I wish someone would lend me that kind of bread!