One decade faraway from the top of his embellished taking part in profession, Charles Woodson is coming into the realm of NFL possession on a small stage. The Corridor of Famer is about to hitch Cleveland’s possession group.
Woodson has a deal in place to buy a 0.1 p.c stake within the Browns, Dianna Russini of The Athletic studies. She provides this association will result in comparable restrictions to these created for his former Michigan teammate Tom Brady as a situation of his stake within the Raiders. That association limits Brady’s involvement in sure facets of his broadcasting profession (amongst different issues) as a part of an effort to keep away from conflicts of curiosity.
Russini provides that Woodson – a local of Freemont, Ohio – will even must stop utilizing his title, picture and likeness on packaging for the wine and whiskey firms he’s related to to adjust to the NFL’s alcohol coverage. As soon as these situations are met, the 48-year-old will tackle a minimal Browns share. Jimmy Haslam stays in place because the workforce’s controlling proprietor.
Over the course of his time with the Raiders and Packers early in his profession, Woodson established himself as one of many best cornerbacks of his technology and past. The Tremendous Bowl winner finally transitioned to security on the finish of his All-Professional tenure, which included a return to the Raiders.
Final August, Forbes valued the Browns at $5.15 billion (h/t Chris Easterling of the Akron Beacon Journal). Primarily based on that determine, Woodson’s buy would price $5.15 million, though offers comparable to this are sometimes based mostly on lesser franchise valuations and thus a decrease price to new house owners. In any case, Woodson must be in place as the newest member of Cleveland’s possession group within the close to future.
