ESPN’s Don Van Natta and Kalyn Kahler report that NFLPA head Lloyd Howell Jr. “is working as a paid, part-time consultant for The Carlyle Group,” a private equity firm with league approval to invest in NFL franchises.
Last August, the NFL approved just “three private equity firms and a consortium of firms” as potential NFL-team investors, for minority stakes that are not to exceed 10.0 percent. The Carlyle Group is one such firm, where Howell works as an “operations executive in The Carlyle Group’s aerospace and defense investment team.” He earned $3.4 million in the role last year. Although Howell’s department does not directly overlap with a potential NFL investment, a union lawyer asked him “to consider resigning from the private equity firm to avoid the appearance of a conflict of interest.” Howell also notably serves on three boards of directors, including GE HealthCare, Moody’s and ManTech, earning six-figure compensation with at least two of them. Per the report, “longtime union observers and executives said they find it baffling that Howell would continue to work at The Carlyle Group while leading the union,” and Jim Quinn, the NFLPA’s former lead outside counsel, notes that neither of Howell’s predecessors were allowed to be paid for outside work. The NFLPA recently “struck a confidentiality agreement with the NFL to keep the details of a January arbitration ruling under wraps from players,” following an investigation into potential top-down collusion regarding player salary guarantees. Last month, the union reportedly hired a law firm “to work with a special committee of players to review Howell’s activities as the executive director,” after ESPN broke, in May, that “the FBI and federal prosecutors are investigating the union’s financial dealings related to a multibillion-dollar group-licensing firm,” which Howell holds a board seat on.