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 reports. She provides this association will result in related 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 points of his broadcasting profession (amongst different issues) as a part of an effort to keep away from conflicts of curiosity.
Russini adds that Woodson – a local of Freemont, Ohio – may even have to stop utilizing his title, picture and likeness on packaging for the wine and whiskey corporations he’s related to to adjust to the NFL’s alcohol coverage. As soon as these circumstances are met, the 48-year-old will tackle a minimal Browns share. Jimmy Haslam stays in place because the crew’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 ultimately 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). Based mostly on that determine, Woodson’s buy would value $5.15 million, though offers akin to this are sometimes based mostly on lesser franchise valuations and thus a decrease value to new house owners. In any case, Woodson needs to be in place as the most recent member of Cleveland’s possession group within the close to future.
