We received word that the public announcement regarding the sale of the club will not take place for 2-4 weeks. There are meetings scheduled for this week, but nothing will be given to the media or the public until a later time.
Sources suggest that the club has been sold to a businessman from the east side of Cleveland. The new owner reportedly owns several local businesses and will bring a strong sense of fiscal responsibility. One source suggests that the new owner is from Chagrin Falls.
