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			{{Short description\|American businessman}}
	'''Alfred "Al" Lerner''' (], ]—], ]) was an ] ]. Born in ], ], Lerner was the son of ]n immigrants. He attended ]. He served in the ] from 1955 to 1957.
			{{other uses}}
			{{Use mdy dates\|date=September 2019}}
			{{Infobox person
			\| name = Al Lerner
			\| image =
			\| caption = Statue of Lerner in front of Cleveland Browns headquarters in ]
			\| known for = Owner of the ] (1998–2002)
			\| predecessor =
			\| successor = ]
			\| birth_date = {{Birth date\|1933\|5\|8}}
			\| birth_place = ], U.S.
			\| death_date = {{Death date and age\|2002\|10\|23\|1933\|5\|8}}
			\| death_place = ], U.S.
			\| resting_place = ], <br />Cleveland
			\| occupation = Businessman, CEO, entrepreneur
			\| education = ]
			\| alma_mater = ]
			\| spouse = ]
			\| family =
			\| children = ]<br /> ]
			}}

			'''Alfred Lerner''' (May 8, 1933 – October 23, 2002) was an American businessman. He was best known as the chair of the board of credit-card giant ] and the owner of the ] of the ] (NFL). He was also a past president of the Board of Trustees of the ] as well as a major benefactor.<ref name="NYT1">Goldstein, Richard New York Times (accessed April 10, 2010)</ref>
	Later in his life Lerner became chairman of ] Bank. He also owned the ] of the ], after purchasing the rights to the team in 1998. Prior to that in 1995 he assisted his friend at the time ], former owner of the Browns, in moving Modell's NFL franchise rights from Cleveland to Baltimore. After his death, his son, ] took over the Browns franchise. Lerner's initials are stitched on the shoulders of the Browns jerseys.

			==Early life and education==
	Lerner donated approximately twenty-five million dollars toward the construction of a new Columbia University student center in 1999, which was named ] in his honor.
			Born in ], ], Lerner was the only son of ] immigrants.<ref>{{Cite web\|title=Al Lerner (1933–2002) \|publisher=]\|url=https://www.jewishvirtuallibrary.org/al-lerner \|accessdate=January 22, 2019}}</ref> His parents owned a small candy store and sandwich shop in ]. He attended ] and then ], the liberal arts college at ], graduating in 1955.<ref name="NYT1" /> While attending Columbia College, Lerner was initiated into the Delta chapter of ] fraternity. He served as a pilot in the ]s from 1955 to 1957, serving in ] and ].

			==Career==
	In 2007, Columbia University announced it would honor Alfred Lerner's military service in the ] with a plaque to be placed in Lerner Hall.
			After the Marines, Lerner began selling furniture, earning $75 a week.<ref name="NYT1" /> eventually saving enough money to buy an apartment building in ].<ref name=CBSSportsObituary> October 23, 2002</ref> His real estate portfolio grew and in 1990, he became a major shareholder in MNC Financial, the parent corporation of Maryland National Bank, which was at the time the largest bank headquartered in the State of Maryland. Struggling with real estate loans in the midst of the ], MNC soon needed leadership and Lerner stepped in as chief executive officer. He tried unsuccessfully to sell the bank's most successful unit, credit card issuer MBNA, to raise cash. In 1991, he took ] public, investing $100 million of his own money to ensure the success of the initial sale of stock. ] MBNA would blossom into the second largest credit card issuer.
	<gallery>
	Image:Lerner1.jpg\|Caption1
	Image:Lerner.jpg\|Caption2
	</gallery>

			He was also the chairman of Town and Country Trust,<ref name=CBSSportsObituary /> which owns and operates more than 15,000 apartment units in the mid-Atlantic region.
	===Trivia===

			===Cleveland Browns===
	*Had a tribute to him at the end of a season 8 episode of ] called "The Dawn Patrol".
			In 1998, Lerner purchased the franchise rights of ] of the ] paying $530 million, a record for a sports franchise at the time, outdistancing the next closest bid by $30 million.<ref name="NYT2">Sandomir, Richard New York Times (accessed April 10, 2010)</ref> The runner-up bid was from Cablevision Systems chairman ] and his brother and future Cleveland Indians owner ].
	* Also has a building named after him located at the ] and Columbia University.
	*Was President of the Cleveland Clinic Foundation and donated over $100 million to the hospital system.

			Prior to that, Lerner held a 5% stake in the old Cleveland Browns franchise.<ref name="Kahn">Kahn, Jeremy ''Fortune'', October 25, 1999 (accessed April 10, 2010)</ref> In 1995, he assisted his friend at the time ], former owner of the Browns, in moving Modell's NFL franchise rights from Cleveland to Baltimore. Lerner introduced Modell to Baltimore financiers of the deal, and he sat behind on the podium at Modell's press conference announcing the team's move. However, many Browns fans were angered after word leaked that Modell's deal to move the Browns to Baltimore was signed on Lerner's private jet. One attorney for season-ticket holders that had sued Modell later stated, “I view, in many respects, Lerner as big of a culprit in this, if not a bigger one than Modell. It was very clear from the stuff that we saw that Lerner egged him on and supported his decision to leave and then tried to run away from responsibility when the shit hit the fan.”<ref>{{Cite news\| url =http://www.leatherneck.com/forums/showthread.php?1998-Al-Lerner-Former-Marine-amp-Cleveland-Browns-Owner\|title= Al Lerner – Former Marine & Cleveland Browns Owner \|publisher=Leatherneck.com\|date =October 24, 2002}}</ref> The two stopped talking shortly thereafter. In 1997, Modell paid $32 million to buy out Lerner's stake in the ], which had grown to 9%.<ref name="Kahn" /><ref>{{cite news \| url=https://www.nytimes.com/athletic/2180453/2020/11/06/art-modell-cleveland-browns-move-al-lerner-baltimore/ \| title=Lies and betrayal: The hidden man behind Art Modell and Cleveland's darkest day \| work=The New York Times \| last1=Lloyd \| first1=Jason \| last2=Meisel \| first2=Zack }}</ref>
	===Links===
	*
	{{amfootbio-stub}}

			After his death, his wife and son ] took over the Browns franchise. Lerner's initials were stitched on the sleeves of the Browns' ] every season until the 2013 NFL season when they were removed from the jerseys under ]'s new ownership of the team.
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			==Personal life and death==
	*at the Cleveland Clinic, Cleveland, Ohio
			In 1955, Lerner married his wife Norma Wolkoff.<ref> Cleveland Clinic Website (accessed April 10, 2010)</ref><ref> October 23, 2002</ref> They were married for 47 years and had two children, business executive ], and Nancy Lerner Beck.<ref name=CBSSportsObituary /><ref>McGeehan, Patrick ( April 9, 2004). . ''The New York Times''.</ref> The Lerners were members of ] in Cleveland.<ref name="CBSSportsObituary"/>

			He was extremely private and shunned the limelight.<ref name="LAT1"> Los Angeles Times (accessed April 10, 2010)</ref> He was proud of being a ] and flew a ] atop the stadium during the entire time he owned the Browns. Additionally, he flew the Cleveland Browns football team flag at all MBNA America corporate sites along with the American flag and State flags. Cleveland native and fellow Marine ] paid tribute to Lerner at the end of a season 8 episode of '']'' called "The Dawn Patrol".<ref>{{Cite news\| url =http://www.tv.com/shows/the-drew-carey-show/the-dawn-patrol-2-204518/\|title=The Dawn Patrol\|publisher=] \|date = November 15, 2002}}</ref>

			Lerner was diagnosed with brain cancer in 2001 and that May underwent surgery, spending most of his last year in and out of hospitals.<ref name="LAT1"/> He died on October 23, 2002,<ref name="NYT1" /> and was buried at ] in ], Ohio.<ref>{{cite news\|last=DeMarco\|first=Laura\|title=Common grounds: Lake View Cemetery celebrates its 150th anniversary\|work=The Plain Dealer\|date=June 30, 2019\|page=1}}</ref>

			==Legacy==
			Lerner gave generously to numerous hospitals and universities.<ref name="LAT1"/> His favorite charities were the Cleveland Clinic and his alma mater Columbia University, both of which received multiple large gifts. He was president of the ] and donated over $100 million to the hospital system to establish the ] at ].<ref>{{cite web \| url=http://portals.clevelandclinic.org/AbouttheCCLCM/AbouttheCCLCM/tabid/4406/Default.aspx \| title=About the CCLCM }}</ref><ref name=CBSSportsObituary /> Lerner's estate also donated $10 million toward the construction of the ].<ref>{{Cite web \|last=Green \|first=Julia \|date=October 16, 2003 \|title=California State U. at Northridge Receives $38-Million Art Pledge; Other Recent Gifts \|url=https://www.philanthropy.com/article/california-state-u-at-northridge-receives-38-million-art-pledge-other-recent-gifts/ \|access-date=April 8, 2024 \|website=The Chronicle of Philanthropy}}</ref>

			Lerner donated approximately $25 million toward the construction of a new ] student center in 1999, which was named ] in his honor.<ref name="CBSSportsObituary" /> In 2007, Columbia announced it would honor Lerner's military service in the United States Marine Corps with a plaque to be placed in Lerner Hall.<ref>{{Cite web \|title=Al Lerner \|url=https://www.jewishvirtuallibrary.org/al-lerner \|access-date=2024-04-08 \|website=www.jewishvirtuallibrary.org}}</ref>

			The College of Business and Economics is named after him at the ].<ref>{{Cite news\| url = http://www.lerner.udel.edu/ \|title=Alfred Lerner College of Business and Economics\|publisher=] \|accessdate = April 5, 2015}}</ref>

			In 1997, a Golden Palm Star on the ], ] was dedicated to him.<ref> {{webarchive\|url=https://web.archive.org/web/20121013165655/http://www.palmspringswalkofstars.com/web-storage/Stars/Stars%20dedicated%20by%20date.pdf \|date=October 13, 2012 }}</ref>

			In 1999, Lerner received the Golden Plate Award of the ]. His award was presented by Awards Council member General ], the 31st ] of the U.S. Marine Corps.<ref>{{cite web\|title= Golden Plate Awardees of the American Academy of Achievement \|website=www.achievement.org\|publisher=]\|url=https://achievement.org/our-history/golden-plate-awards/#business}}</ref>

			In the Cleveland area, Lerner is honored in various ways:

			*] has a building named after him (Alfred & Norma Lerner Tower)
			*The street in front of ] (the Browns' home field) is renamed "Alfred Lerner Way"
			*A statue in Lerner's likeness is in front of the Browns' HQ/training facility in suburban ].<ref></ref>

			Among awards he received, Lerner won the ] and the ].<ref></ref>

			==References==
			{{Portal\|Biography}}
			{{Reflist\|2}}

			{{Cleveland Browns owner navbox}}

			{{authority control}}

			{{DEFAULTSORT:Lerner, Al}}
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Latest revision as of 10:01, 13 December 2024

American businessman For other uses, see Al Lerner (disambiguation).

Al Lerner
Born	(1933-05-08)May 8, 1933 New York City, New York, U.S.
Died	October 23, 2002(2002-10-23) (aged 69) Cleveland, Ohio, U.S.
Resting place	Lake View Cemetery, Cleveland
Education	Brooklyn Technical High School
Alma mater	Columbia University
Occupation(s)	Businessman, CEO, entrepreneur
Known for	Owner of the Cleveland Browns (1998–2002)
Successor	Randy Lerner
Spouse	Norma Wolkoff
Children	Randy Lerner Nancy Lerner Fisher

Alfred Lerner (May 8, 1933 – October 23, 2002) was an American businessman. He was best known as the chair of the board of credit-card giant MBNA and the owner of the Cleveland Browns of the National Football League (NFL). He was also a past president of the Board of Trustees of the Cleveland Clinic as well as a major benefactor.

Early life and education

Born in Brooklyn, New York, Lerner was the only son of Russian-Jewish immigrants. His parents owned a small candy store and sandwich shop in Queens, New York. He attended Brooklyn Technical High School and then Columbia College, the liberal arts college at Columbia University, graduating in 1955. While attending Columbia College, Lerner was initiated into the Delta chapter of Zeta Beta Tau fraternity. He served as a pilot in the U.S. Marines from 1955 to 1957, serving in Quantico, Virginia and Pensacola, Florida.

Career

After the Marines, Lerner began selling furniture, earning $75 a week. eventually saving enough money to buy an apartment building in Cleveland. His real estate portfolio grew and in 1990, he became a major shareholder in MNC Financial, the parent corporation of Maryland National Bank, which was at the time the largest bank headquartered in the State of Maryland. Struggling with real estate loans in the midst of the savings and loan crisis, MNC soon needed leadership and Lerner stepped in as chief executive officer. He tried unsuccessfully to sell the bank's most successful unit, credit card issuer MBNA, to raise cash. In 1991, he took MBNA public, investing $100 million of his own money to ensure the success of the initial sale of stock. Controversial MBNA would blossom into the second largest credit card issuer.

He was also the chairman of Town and Country Trust, which owns and operates more than 15,000 apartment units in the mid-Atlantic region.

Cleveland Browns

In 1998, Lerner purchased the franchise rights of Cleveland Browns of the National Football League paying $530 million, a record for a sports franchise at the time, outdistancing the next closest bid by $30 million. The runner-up bid was from Cablevision Systems chairman Charles Dolan and his brother and future Cleveland Indians owner Larry Dolan.

Prior to that, Lerner held a 5% stake in the old Cleveland Browns franchise. In 1995, he assisted his friend at the time Art Modell, former owner of the Browns, in moving Modell's NFL franchise rights from Cleveland to Baltimore. Lerner introduced Modell to Baltimore financiers of the deal, and he sat behind on the podium at Modell's press conference announcing the team's move. However, many Browns fans were angered after word leaked that Modell's deal to move the Browns to Baltimore was signed on Lerner's private jet. One attorney for season-ticket holders that had sued Modell later stated, “I view, in many respects, Lerner as big of a culprit in this, if not a bigger one than Modell. It was very clear from the stuff that we saw that Lerner egged him on and supported his decision to leave and then tried to run away from responsibility when the shit hit the fan.” The two stopped talking shortly thereafter. In 1997, Modell paid $32 million to buy out Lerner's stake in the Baltimore Ravens, which had grown to 9%.

After his death, his wife and son Randy Lerner took over the Browns franchise. Lerner's initials were stitched on the sleeves of the Browns' jerseys every season until the 2013 NFL season when they were removed from the jerseys under Jimmy Haslam's new ownership of the team.

Personal life and death

In 1955, Lerner married his wife Norma Wolkoff. They were married for 47 years and had two children, business executive Randy Lerner, and Nancy Lerner Beck. The Lerners were members of Temple Tifereth-Israel in Cleveland.

He was extremely private and shunned the limelight. He was proud of being a U.S. Marine and flew a Marine Corps flag atop the stadium during the entire time he owned the Browns. Additionally, he flew the Cleveland Browns football team flag at all MBNA America corporate sites along with the American flag and State flags. Cleveland native and fellow Marine Drew Carey paid tribute to Lerner at the end of a season 8 episode of The Drew Carey Show called "The Dawn Patrol".

Lerner was diagnosed with brain cancer in 2001 and that May underwent surgery, spending most of his last year in and out of hospitals. He died on October 23, 2002, and was buried at Lake View Cemetery in Cleveland, Ohio.

Legacy

Lerner gave generously to numerous hospitals and universities. His favorite charities were the Cleveland Clinic and his alma mater Columbia University, both of which received multiple large gifts. He was president of the Cleveland Clinic Foundation and donated over $100 million to the hospital system to establish the Cleveland Clinic Lerner College of Medicine at Case Western Reserve University School of Medicine. Lerner's estate also donated $10 million toward the construction of the National Museum of the Marine Corps.

Lerner donated approximately $25 million toward the construction of a new Columbia University student center in 1999, which was named Alfred Lerner Hall in his honor. In 2007, Columbia announced it would honor Lerner's military service in the United States Marine Corps with a plaque to be placed in Lerner Hall.

The College of Business and Economics is named after him at the University of Delaware.

In 1997, a Golden Palm Star on the Palm Springs, California, Walk of Stars was dedicated to him.

In 1999, Lerner received the Golden Plate Award of the American Academy of Achievement. His award was presented by Awards Council member General Charles C. Krulak, the 31st Commandant of the U.S. Marine Corps.

In the Cleveland area, Lerner is honored in various ways:

University Hospitals of Cleveland has a building named after him (Alfred & Norma Lerner Tower)
The street in front of FirstEnergy Stadium (the Browns' home field) is renamed "Alfred Lerner Way"
A statue in Lerner's likeness is in front of the Browns' HQ/training facility in suburban Berea, Ohio.

Among awards he received, Lerner won the Horatio Alger Award and the John Jay Award.

References

^ Goldstein, Richard Alfred Lerner, 69, Banker; Revived Cleveland Browns New York Times (accessed April 10, 2010)
"Al Lerner (1933–2002)". Jewish Virtual Library. Retrieved January 22, 2019.
^ CBS Sports: "Browns owner Lerner dies at 69" October 23, 2002
Sandomir, Richard PRO FOOTBALL; Lerner Wins Browns for $530 Million New York Times (accessed April 10, 2010)
^ Kahn, Jeremy Al Lerner Rectifies A Mistake on the Lake Fortune, October 25, 1999 (accessed April 10, 2010)
"Al Lerner – Former Marine & Cleveland Browns Owner". Leatherneck.com. October 24, 2002.
Lloyd, Jason; Meisel, Zack. "Lies and betrayal: The hidden man behind Art Modell and Cleveland's darkest day". The New York Times.
Norma Lerner bio Cleveland Clinic Website (accessed April 10, 2010)
CBS Sports: "AL Lerner, Browns Owner, Billionaire Dies" October 23, 2002
McGeehan, Patrick ( April 9, 2004). "MBNA Pressed on Independence of Board". The New York Times.
^ Al Lerner, 69; Ohio Businessman Owned Cleveland Browns Los Angeles Times (accessed April 10, 2010)
"The Dawn Patrol". TV.com. November 15, 2002.
DeMarco, Laura (June 30, 2019). "Common grounds: Lake View Cemetery celebrates its 150th anniversary". The Plain Dealer. p. 1.
"About the CCLCM".
Green, Julia (October 16, 2003). "California State U. at Northridge Receives $38-Million Art Pledge; Other Recent Gifts". The Chronicle of Philanthropy. Retrieved April 8, 2024.
"Al Lerner". www.jewishvirtuallibrary.org. Retrieved April 8, 2024.
"Alfred Lerner College of Business and Economics". University of Delaware. Retrieved April 5, 2015.
Palm Springs Walk of Stars by date dedicated Archived October 13, 2012, at the Wayback Machine
"Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
Al Lerner statue – WTAM.com (WTAM 1100)
Alfred Lerner '55: Businessman, Philanthropist, Student Center Benefactor, Columbia College Today

v t e Cleveland Browns owners
Arthur B. McBride (1944–1953) Dave Jones (1953–1961) Art Modell (1961–1996) Al Lerner (1998–2002) Randy Lerner (2002–2012) Jimmy & Dee Haslam (2012–present)

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