Pro Football Hall of Famer Charles Woodson is set to purchase a 0.1% ownership stake in the Cleveland Browns, contingent upon compliance with broadcasting restrictions and the removal of his name from his alcohol-related businesses to adhere to NFL policies. Woodson, who has had an illustrious NFL career and was inducted into the Hall of Fame in 2021, played 18 seasons primarily with the Raiders and Packers. The Browns, valued at $5.1 billion, have been under the ownership of Jimmy and Dee Haslam since 2012.
Woodson plans to buy a 0.1% stake in the Cleveland Browns, needing to agree to broadcast restrictions and remove his name from his alcohol businesses.
To finalize his investment, Woodson must comply with NFL policies which restrict his involvement in alcohol-related businesses due to league regulations.
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