Jets owner Woody Johnson buys 43% stake in English soccer club Crystal Palace
FILE - New York Jets owner Woody Johnson arrives for a press conference to introduce new head coach Aaron Glenn and general manager Darren Mougey at the NFL football team's training facility on Monday, Jan. 27, 2025, in Florham Park, N.J. (AP Photo/Adam Hunger, file)
soccer
New York Jets owner Woody Johnson is finally set to get his hands on an English soccer team.
Premier League side Crystal Palace announced on Monday that Johnson has signed 'a legally binding contract' to buy the shares of fellow American John Textor, who has a 43% stake in the London club.
Reports have placed the price between $220 million and $260 million.
'Whilst the completion is pending approval from the Premier League and Women's Super League, we do not envisage any issues and look forward to welcoming Woody as a partner and director of the club,' Palace said in a statement.
'We would like to go on record to thank John Textor for his contribution over the past four years and wish him every success for the future.'
Johnson submitted a bid to buy Chelsea in 2022 but was unsuccessful.
The sale of Textor's shares boosts Palace's hopes of playing in the Europa League next season, having qualified thanks to its FA Cup final victory over Manchester City last month.
Textor is also a shareholder in French side Lyon, which is set to enter the same competition, and under UEFA multi-club ownership rules, it looked as if Palace could miss out.
© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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FILE - New York Jets owner Woody Johnson arrives for a press conference to introduce new head coach Aaron Glenn and general manager Darren Mougey at the NFL football team's training facility on Monday, Jan. 27, 2025, in Florham Park, N.J. (AP Photo/Adam Hunger, file) soccer New York Jets owner Woody Johnson is finally set to get his hands on an English soccer team. Premier League side Crystal Palace announced on Monday that Johnson has signed 'a legally binding contract' to buy the shares of fellow American John Textor, who has a 43% stake in the London club. Reports have placed the price between $220 million and $260 million. 'Whilst the completion is pending approval from the Premier League and Women's Super League, we do not envisage any issues and look forward to welcoming Woody as a partner and director of the club,' Palace said in a statement. 'We would like to go on record to thank John Textor for his contribution over the past four years and wish him every success for the future.' Johnson submitted a bid to buy Chelsea in 2022 but was unsuccessful. The sale of Textor's shares boosts Palace's hopes of playing in the Europa League next season, having qualified thanks to its FA Cup final victory over Manchester City last month. Textor is also a shareholder in French side Lyon, which is set to enter the same competition, and under UEFA multi-club ownership rules, it looked as if Palace could miss out. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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