Charles Woodson Buys Stake in Cleveland Browns

Hall of Famer Charles Woodson, an Ohio native and former NFL star, is set to purchase a 0.1% stake in the Cleveland Browns from owners Jimmy and Dee Haslam, in a deal valued at approximately $5 million. The sale is contingent on Woodson accepting broadcasting restrictions similar to those imposed on Tom Brady and on removing his name, image, and likeness from his wine and whiskey brands to comply with NFL rules. Woodson's investment highlights the trend of former players entering NFL ownership, despite his stake being a small part of the franchise's estimated $5 billion value. His involvement brings name recognition and a deep Ohio connection to the team, as the Browns plan a new stadium and surrounding development. Woodson's distinguished 18-year NFL career includes a Super Bowl win, nine Pro Bowls, and a 2021 Hall of Fame induction. It is unclear whether Woodson will assume an active operational role with the Browns.