Here is a diagram of the reel brake drums, brakes, and brake solenoid (from the SM). With the tension arm lever up and pressing PLAY, the solenoid should click and move the brake arms (red) to release the brake pads on the brake drums. There might be some minimal tension on the brakes to keep the tape from spooling out of the reels, but it should be light. With the back cover off, see if the solenoid moves between STOP and PLAY modes... also does it release when POWER is OFF?
Also, with power off and unplugged, you can try to rotate the BRAKE DRUMs by hand to maybe break (no pun intended) any adhesion to the brake shoes to the drums due to age and non-use. A SOLENOID works like an electro-magnet. There is a wire coil wound on a core that forms an electro-magnet when a voltage is applied that will pull any piece of metal into the center of the magnet (the plunger will be pulled in). When the voltage is removed, the magnetic coil will release the plunger and the spring will pull it back out of the coil.
It looks like the metal "arm" pivots about the screw near the center of the arm. When the solenoid pulls-in, it lifts the connected arm up which lowers the other side of the arm connected to the brake shoe down - releasing tension on the drum.
So if the drums are not releasing, it could be because (1) the solenoid is not pulling-in when in PLAY, (2) the lever arms are not moving because of old grease or corrosion on the pivot screw, or (3) the brake shoe is stuck to the brake drums due to age. Try and work them loose.
CAUTION: Keep your fingers away from the terminals of the capacitors near the brake mechanism. They are marked C10, C11, C2, C4, C12 in the photo below. They could hold an electrical charge even when power is off.
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Here's a diagram of the tape mechanism. I have highlighted the solenoid in yellow, brakes in red, and springs in green.
Again, with power off and AC unplugged, try to move the brakes, solenoid arms and check to make sure the springs are attached as shown. Maybe the solenoid plunger or lever arms are stuck in-place due to hardened grease. Just try to get them to move a bit, then work them a bit to see if it will partially work.
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