DB inducted into Hall of Fame to acquire ownership stake in Browns
Charles Woodson, a former NFL player and Hall of Famer, is set to purchase a 0.1 percent stake in the Cleveland Browns, joining their ownership group. Woodson will need to adhere to restrictions similar to those placed on Tom Brady when he bought a stake in the Raiders, including limitations on his broadcasting career and compliance with the NFL’s alcohol policy. Once these conditions are met, Woodson, a native of Freemont, Ohio, will become a minimal owner of the Browns. The team is currently valued at $5.15 billion, and Woodson’s purchase is estimated to cost around $5.15 million.
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