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BEREA, Ohio -- Hours after Tennessee billionaire Jimmy Haslam III reached an agreement with Randy Lerner to buy the Browns on Thursday, he returned to his Knoxville home for the pivotal Changing of the Watch.

"I've worn a Steelers watch for the last four years," said Haslam, a minority owner of the Steelers since 2008, in an exclusive interview with The Plain Dealer. "I didn't want to be premature and jinx anything, but now I'm putting on my Cleveland Browns watch. I've taken off all of my black and gold and I'm putting on my orange and brown."

It's a new day in Cleveland Browns football. Haslam, whose family made its $3 billion fortune on Pilot Flying J travel centers, will officially become the new owner as soon as three-quarters of the NFL owners approve the sale, which could come before the start of the regular season in September. The next owners' meeting is Oct. 16-17 in Chicago, but Commissioner Roger Goodell could call a special session to expedite the sale -- and that's likely to happen, according to league sources.

The transfer of ownership would take about two weeks after approval.

Haslam, 58, will buy the Browns for about $1 billion -- $700 million now and $300 million when he buys out Lerner's remaining 30 percent, which will take place on the fourth anniversary of the closing date.

In the meantime, Haslam, who will watch practice Friday morning and be introduced at a 1 p.m. press conference in Berea, wants to re-assure fans that the franchise isn't going anywhere.

"We're not moving the Cleveland Browns," said Haslam, who arrived in town Thursday night. "To own a team with a such a rich tradition and history is a dream come true. Randy had four things he wanted and I won't share all of them, but No. 1 was we keep them in Cleveland. Why would we move? I've been to three games there on the other side of the field and I've seen the intensity and the enthusiasm. That thought never, ever entered our minds."

Haslam also stressed that not only are the Browns here to stay, so is he. No more upheaval or overhauls.

"We're in this for the long run," he said. "We've owned our family business for 53 years. There are some people that come into a franchise for three years and sell it. That's not us. Our family is in this for the long, long run."

Haslam's No. 1 promise is he's here to restore the Browns to its old championship luster.

He had dinner with Browns President Mike Holmgren Thursday night to discuss the team and his future. "I'm looking forward to meeting one of the great legends of the NFL," he said beforehand. "We just don't want to be a distraction to Pat Shurmur or the team as they prepare for the season."

Holmgren, who has three years left on his five-year contract at $8 million a year, said he hopes to stay on this season and be part of what he feels will be a winning team. "But we'll see," he said Thursday afternoon to reporters.

Haslam, a major benefactor of the University of Tennessee, said his wife Dee will look at homes in the Cleveland area over the next few days. He said they'll maintain their primary residence in Knoxville, where the business is located, and that he'll remain CEO of Pilot Flying J.

"But we're going to be in Cleveland frequently, and we're going to be active in the community," he said. "We've been involved in a multitude of philanthropic opportunities and we plan on establishing the same type of base in Cleveland. This is a huge deal to our family, it's a substantial investment and we're very excited."

As for being a hands-on owner, he said, "We don't pretend to be experts in evaluating talent and coaching talent. We think we have a lot to learn. The best thing we can do is ensure that we have the best people in place. But if you check our business background, we're regarded as hands-on people."

He chuckled when asked if he'll bring in his good friend Peyton Manning to run the team someday in a John Elway-type role. Haslam talks to the Mannings frequently.

"They're great friends," he said. "Peyton is of course is a legend in Tennessee and Archie, Eli, our families are great friends. I just got a text from Archie. You won't find better people than the Manning family. I'd say he's focused on being a great quarterback for the Broncos now and I've checked the schedule -- we'll be out there on Dec. 23."

But he did allow, "Peyton's a great talent. He's not only a great athlete, he's also a very smart person."

He said Lerner has told him, "listen, I'll do as little or as much as you want. My plan is to stay in the background, but anytime you need anything, just give me a call." Haslam also said his three adult children might get involved with the team down the road.

Haslam said he hopes to run the Browns the same way the Rooneys run the Steelers, building through the draft and treating everyone with respect. He also admires their consistent success.

"When you get off that elevator, there are those six Super Bowl trophies," he said. "I don't care who you are, you get fired up."

If he has his way, he'll decorate the Browns' foyer in a similar fashion.

On Twitter: @marykaycabot