Watch Jim Donovan's exclusive interview with Jimmy Haslam
1:45 p.m.: Jim Donovan will be interviewing Jimmy Haslam one-on-one.
1:42 p.m.: Joe Banner news conference scheduled for 10 a.m. Wednesday morning in Berea. Mike Holmgren expected to speak to the media later in the week.
1:40 p.m.: News conference ends.
1:36 p.m.: Haslam characterizes his dealings with Mike Holmgren as very amicable.
1:35 p.m.: Haslam says "we do want to enhance the stadium for fans." He also said earlier he has no plans to change the Browns helmets.
1:32 p.m.: Haslam says he does not want to be a distraction to Head Coach Pat Shurmur and wants him to focus on getting the team ready to play each week.
He says he will be spending a lot of time in Cleveland and says he will likely make mistakes as well as a first-time owner.
1:27 p.m.: Haslam says Banner will be involved in the day-to-day running of operations but says he will be part of any major decisions.
1:26 p.m.: Haslam says this is the only personnel change at this time. Haslam told Pat Shurmur and coaching staff no changes until the end of the season (if at all).
1:24 p.m.: Haslam confirms that Mike Holmgren will leave the organization. He says Holmgren made the decision to leave at the end of the season due to the changes that would happen in his position with Haslam's team taking a more active role in the running of the team. Holmgren will stay on until the end of the season and assist with transition including working with new CEO Joe Banner. Holmgren says he will retire at season's end.
1:23 p.m. Haslam thanks Lerner family and calls it a privilege to own the Browns.
1:21 p.m.: Haslam says we "will do everything we can to bring a winning team to the fans."
1:18 p.m.: Haslam begins to address media.
1:13 p.m.: NFL owners finish lunch. Jimmy Haslam expected to adress media shortly.
12:25 p.m.: We are expecting a news conference from the NFL owners meeting at around 1 p.m.
12:11 p.m.: Atlanta Falcons owner, Arthur Blank, tells reporters he is excited about Haslam's ownership of the Browns. He praises Haslam as a business owner and says he is excited for the future for the Browns and their fans.
11:55 a.m.: Haslam expected to arrive at Browns headquarters in Berea tomorrow along with Condoleezza Rice and Republican VP nominee Paul Ryan. Ryan and Rice have a campaign appearance later in the day in Berea at BW. Condoleezza Rice is a lifelong Browns fan.
11:50 a.m.: Jim Donovan confirms that Mike Holmgren is out as Browns President. Joe Banner will be named Browns President and CEO.
11:20 a.m.: Jim Donovan reports that it's expected the Browns will introduce Joe Banner as team president at a news conference in Berea on Wednesday. Banner is a former Eagles president who was matched with Haslam at the start of the ownership talks. He has served as an advisor to Haslam throughout the process.
11:10 a.m.: According to Jim Donovan, Haslam was in a separate room while the ownership vote took place. Once the vote was completed he entered the owners' meeting room to thunderous applause.
11:05 a.m.: Vote to approve Haslam was unanimous, 32-0. Haslam bought the Browns for $1 billion, agreeing to terms with Randy Lerner in August.
10:45 a.m.: The NFL owners have approved Jimmy Haslam as the new Browns owner. He received a rousing ovation from the NFL owners after the approval vote, according to Jim Donovan who is in Chicago.
9:45 a.m.: Owners have filed into the meeting in Chicago. The vote on Jimmy Haslam as the new Browns owner is expected to be one of the first items on the agenda. Browns President Mike Holmgren is not attending the meeting, neither is Randy Lerner. Instead, the Browns team representative is Bryan Wiedmeier.
ORIGINAL POST: The NFL owners are meeting in Chicago.
One of the items on the agenda is the approval of Jimmy Haslam's purchase of the Browns from Randy Lerner.
Haslam needs two-thirds of the vote from the NFL owners, but most people believe the vote will be unanimous.
The Voice of the Browns, Jim Donovan says don't the vote means that Haslam will now have an opportunity to dive in and take control of the business of the Browns and front office.
The players say they remain focused on building off their win last Sunday against the Bengals.
Jim Donovan is in Chicago for the meetings. Keep track of the developments in updates throughout the day.