Wednesday, July 1, 2026

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.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Boston’s Rocky World Cup Still Delivered Tournament Classics

Scotland, a knockout thriller, and America250 are making up for difficult preparations.

Comcast’s NBCUniversal Split Could Give the NFL More Leverage

The forthcoming split will reverberate throughout the entire media business.

After NFL and CFL Say No, UFL May Be Sorsby’s Best Option

The UFL appeared to confirm Sorsby would be eligible.
podcast thumbnail mobile
Front Office Sports Today

A Conversation with Mia Hamm on the World Cup, NWSL Growth, Angel City Ownership, and Women’s Sports Narratives

0:00

Featured Today

June 25, 2026

Italian Americans Have Severe World Cup FOMO

Bars and restaurants in Boston, Philly, and beyond are missing the Azzurri.
Indiana Fever guard Lexie Hull (10) celebrates a three-point basket Monday, June 22, 2026, during the game at Gainbridge Fieldhouse in Indianapolis. The Indiana Fever defeated the Phoenix Mercury, 86-77
June 24, 2026

Female Athletes Are Trying to Build the ‘Athleisure of Beauty’

“Performance cosmetics” have emerged alongside the women’s sports boom.
June 18, 2026

Why U.S. Open Host Sites Are on a 25-Year Plan

The U.S. Open has already picked out 22 future sites through 2051.
Wisconsin Badgers forward Laila Edwards, left, and defender Caroline Harvey celebrate after Edwards scored against the Minnesota Gophers in the first period in a game Saturday, February 8, 2025, at LaBahn Arena in Madison, Wisconsin.
June 15, 2026

Two Rookies Are Rewriting Women’s Hockey Stardom

Their platforms are a mutual boon for the PWHL and its players.
Apr 5, 2026; Sacramento, California, USA; LA Clippers forward Kawhi Leonard (2) during the first quarter against the Sacramento Kings at Golden 1 Center. Mandatory Credit: Darren Yamashita-Imagn Images

Clippers Set to Trade Kawhi to Raptors as Aspiration Ruling Looms

Adam Silver has indicated that a ruling is coming soon.
Tennis - Wimbledon - All England Lawn Tennis and Croquet Club, London, Britain - June 29, 2026 Italy's Jannik Sinner in action during his first round match against Serbia's Miomir Kecmanovic
June 30, 2026

Slippery Grass Surface Once Again Takes Spotlight at Wimbledon

Maja Chwalińska was injured after slipping on the grass.
Apr 2, 2026; Sunrise, Florida, USA; Florida Panthers goaltender Sergei Bobrovsky (72) acknowledges the fans after the game against the Boston Bruins at Amerant Bank Arena.
June 30, 2026

Free Agents Set to Reap Rewards of NHL Record Salary Cap

Attention will be focused on Sergei Bobrovsky and John Carlson, among others.
Sponsored

Josh Childress: Why Now Is the Time for NBA Expansion

Josh Childress on why he invested in the Portland Thorns, the case for NBA expansion, and donating to Stanford NIL.
June 30, 2026

Josh Childress: Women’s Sports Attracting ‘New Pool of Capital’

The former NBA player also weighed in on expansion and Stanford athletics.
Apr 3, 2026; Indianapolis, IN, USA; Michigan Wolverines head coach Dusty May looks on during a practice session ahead of the Final Four of the men's 2026 NCAA Tournament at Lucas Oil Stadium. Mandatory Credit: Robert Deutsch-Imagn Images
June 29, 2026

Dusty May Believes NIL Era Experience Will Aid NBA Transition

May is the first college coach to make the jump since 2019.
Jun 28, 2026; Baltimore, Maryland, USA; Baltimore Orioles outfielder Colton Cowser (17) congratulates infielder Jackson Holliday (7) at home plate after Holliday hit a two-run home run in the seventh inning against the Washington Nationals at Oriole Park at Camden Yards.
June 29, 2026

Underperforming Teams Make for Uncertain MLB Trade Market

Many clubs don’t yet know whether they will be buyers or sellers.
June 29, 2026

NBA Set for Summer of Chaos: LeBron, Kawhi, Gambling

Kawhi Leonard is the latest star on the trade block.