Charles Woodson Passes on Browns Ownership Stake Due to NFL Rules on Alcohol Advertisements

Hall of Famer Charles Woodson was set to purchase a small stake in the Cleveland Browns, but will no longer do so because of conflicts with his spirits company.

Per Front Office Sports' Ryan Glasspiegel, Woodson would have had to remove his name from "Charles Woodson's Intercept Wines" and "Woodson Whiskey" because league rules prohibit owners from advertising alcohol.

"I thought I was going to be a proud owner of the Browns but it wasn't able to happen because I wasn't able to take my name off of my product," Woodson said. "It's what made the product. It's how I started so I wasn't able to do that." 

The Browns said they "respect the decision by Charles and wish him well."

The loss isn't a huge sum for Woodson, as he was going to purchase just 0.1 percent of the Browns from the Haslam family.

Had he become an owner of the Browns, Woodson would have faced the same restrictions that Tom Brady faces because he is both an owner of the Las Vegas Raiders and an analyst for Fox. Woodson previously worked as an analyst for ESPN and is now a member of Fox's team.