• Loading stock data...
Sunday, August 31, 2025
The biggest names in sports media. All in one room. Get your ticket now!

NFLPA Head Has Side Hustle With PE Firm That Can Invest in NFL Teams

Lloyd Howell Jr. faces fresh controversy for a part-time consultant role he has with one of the PE firms that is allowed to invest in NFL teams.

Feb 5, 2025; New Orleans, LA, USA; NFLPA executive director Lloyd Howell during the NFLPA press conference at the Super Bowl LIX media center at the Ernest N. Morial Convention Center.
Kirby Lee-Imagn Images

The NFLPA’s embattled executive director, already under fire for his handling of the collusion case over fully guaranteed contacts, is facing fresh controversy because of a part-time consultant role he has with one of the private-equity firms that is approved to invest in NFL teams.

Lloyd Howell Jr. has been working as a part-time, paid consultant for Carlyle Group’s aerospace and defense investment team since March 2023—three months before he was elected into his NFLPA leadership role—according to ESPN. Carlyle is one of the four private-equity firms that were approved to buy passive minority stakes in NFL teams last summer.

Howell is apparently aware that his Carlyle role could raise questions; in September 2024, a senior union lawyer asked him to consider stepping down from the PE firm to “avoid the appearance of a conflict of interest if the term takes an ownership stake in an NFL franchise,” but Howell declined, ESPN reported Thursday.

Carlyle spokesperson Kristen Ashton said in an emailed statement that Howell “had no access to information about the NFL and Carlyle process beyond public news reports due to strict Carlyle information barriers in place,” and that the firm “was not aware of the request from union lawyers for Lloyd to resign from Carlyle.”

News of Howell’s role with Carlyle, and the revelation he declined a union attorney’s request to step down, comes as he has been scrutinized for his role in keeping private an arbitration decision from earlier this year that cleared the league and its owners of collusion allegations. The ruling—unearthed by journalists Pablo Torre and Mike Florio—made clear that the evidence was not sufficient to prove collusion, though some communications between league executives and team owners appear to have toed the line.

Although it’s not unusual for arbitration rulings like the one in this case to be kept from the public, it’s notable that many members of the NFLPA—players—did not know about the specifics of the decision until recently. ESPN reported Wednesday that the NFL and senior leaders of the NFLPA, including Howell, “struck an unusual confidentiality agreement that hid the details” of the ruling.

The collusion case dates back to October 2022—months after Deshaun Watson signed a five-year, fully guaranteed contract with the Browns worth $230 million—when the NFLPA filed a grievance against the league, alleging collusion by team owners to limit fully guaranteed contracts. The grievance originally centered on three quarterbacks—Lamar Jackson, Kyler Murray, and Russell Wilson—but was later expanded to seek relief on behalf of 594 players.

A source familiar with the matter confirmed Thursday that the NFLPA intends to appeal the ruling, something that was included in ESPN’s Wednesday report.

Howell faces an additional headache. According to ESPN, the NFLPA last month hired veteran litigation attorney Ronald C. Machen of WilmerHale to assist a special committee of players in reviewing Howell’s “activities as the executive director.” Machen’s hiring came in response to a reported investigation by the FBI and federal prosecutors over the union’s “financial dealings” tied to a licensing firm called OneTeam Partners (that probe has also ensnared the MLBPA).  Machen did not immediately respond to a request for comment Thursday.

The NFL did not immediately respond to a request for comment. A representative for the NFLPA declined to comment.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

4 of 10 Highest-Paid CFB Coaches Lose in Week 1

Alabama coach Kalen DeBoer was the biggest surprise of the Week 1 losers.
Ohio State Buckeyes wide receiver Jeremiah Smith (4) celebrates with offensive lineman Donovan Jackson (74) after a touchdown catch against Notre Dame Fighting Irish in the first quarter during the College Football Playoff National Championship at Mercedes-Benz Stadium in Atlanta on January 20, 2025.

The Most Expensive Roster Year in College Football History

The House settlement created revenue-sharing—and a big NIL loophole.

Cowboys’ Parsons Approach Shows High Cost of Delayed Contracts

Parsons will sign a four-year, $188 million deal with the Packers.

Parsons Trade Reinforces Packers As NFL TV Powerhouse

Betting odds surge for Green Bay after acquiring the star defensive end.

Featured Today

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.
Oct 2, 2024; Rosemont, IL, USA; Big Ten commissioner Tony Petitti speaks with the media during the 2024 Big Ten Women’s Basketball media day at Donald E. Stephens Convention Center.
August 22, 2025

‘Not Ready to Jump In’: Power 4 Commissioners Aren’t Sold on PE

Top leaders in college sports have yet to see a satisfactory proposal.
Dallas Wings

WNBA Teams Desperate to Expand Rosters Amid ‘Extreme Hardship’ 

The Wings are scrambling to field eight players Friday night.
August 28, 2025

Selig Backs MLB Salary Cap, but Warns Against Labor Fight

The league’s former commissioner cites salary-cap success in other leagues.
August 29, 2025

Who Are the Richest MLB Owners?

MLB owners are among the wealthiest people in the U.S.
Sponsored

Gareth Bale on MLS vs EPL, Retirement & Buying Cardiff City

Gareth Bale shares his post-soccer business playbook.
May 24, 2024; Minneapolis, Minnesota, USA; Dallas Mavericks owner Mark Cuban celebrates after defeating the Minnesota Timberwolves in game two of the western conference finals for the 2024 NBA playoffs at Target Center.
August 28, 2025

Mark Cuban on Why NBA Expansion Isn’t Imminent

Cuban said the next CBA could help solve some expansion issues.
Aug 24, 2025; Minneapolis, Minnesota, USA; Indiana Fever guard Caitlin Clark (22) looks on from the bench against the Minnesota Lynx in the second half at Target Center.
August 27, 2025

Caitlin Clark Still Out With 2 Weeks Left in WNBA Season

The WNBA regular season ends Sept. 11.
August 27, 2025

Keegan Bradley Declines Rare Ryder Cup Playing Captain Role

Bradley did not choose himself with one of his six captain’s picks.
August 26, 2025

NFL Roster Cut Deadline Passes After Backup QB Carousel

Several high-profile backups were traded or signed with new teams.