Pro Football Hall of Famer Charles Woodson plans to purchase a 0.1% stake in the Cleveland Browns, according to multiple reports.
The news was first reported by The Athletic.
The sale agreement is contingent on Woodson, who works as an analyst for Fox Sports, agreeing to broadcast restrictions and removing his name, image and likeness from his wine and whiskey businesses.
Las Vegas Raiders minority owner Tom Brady, who also works for Fox Sports, had to agree to similar broadcast restrictions before buying into the Las Vegas franchise. Meanwhile, Woodson would have to remove his name from his wine and whiskey businesses because it would violate the NFL's policy on alcohol.