Professional Soccer Corridor of Famer Charles Woodson plans to buy a 0.1% stake within the Cleveland Browns, based on a number of reviews.
The information was first reported by The Athletic.
The sale settlement is contingent on Woodson, who works as an analyst for Fox Sports activities, agreeing to broadcast restrictions and eradicating his identify, picture and likeness from his wine and whiskey companies.
Las Vegas Raiders minority proprietor Tom Brady, who additionally works for Fox Sports activities, needed to comply with comparable broadcast restrictions earlier than shopping for into the Las Vegas franchise. In the meantime, Woodson must take away his identify from his wine and whiskey companies as a result of it could violate the NFL’s coverage on alcohol.
Final yr, Forbes valued the Browns at $5.1 billion. A 0.1% stake would equal $5.1 million.
Woodson, who performed 18 seasons for the Raiders and Packers, retired from the NFL after the 2015 season and was inducted into the Professional Soccer Corridor of Fame in 2021.
Woodson, 48, is from Fremont, Ohio, and was named the state’s “Mr. Soccer” in 1994 earlier than starring on the College of Michigan and profitable the Heisman Trophy in 1997. Within the NFL, he was a nine-time Professional Bowl choice and received Defensive Rookie of the Yr (1998) and Defensive Participant of the Yr (2009) honors. Earlier than he retired, he grew to become the primary participant within the NFL to have no less than 50 interceptions and 20 sacks.
The Browns have been owned by Jimmy and Dee Haslam since 2012.
