Jets owner Woody Johnson completes purchase of stake in Premier League club Crystal Palace
'I am honored and privileged to be joining the ownership group of Crystal Palace Football Club,' Johnson told the club website.
Palace announced last month that Johnson had signed 'a legally binding contract' to buy the shares of fellow American John Textor, who had a 43% stake in the London club, with reports at the time placing the price between $220 million and $260 million.
The latest club statement gave no financial details.
Johnson joins chairman Steve Parish, Josh Harris and David Blitzer as a partner and director of the club, and has also signed the Premier League's Owners' Charter.
'It is an organization with a proud history, tradition, and deep roots in English football in South London, which I came to admire during my time as US Ambassador to the United Kingdom,' Johnson said.
Palace finished 12th last season in the 20-team Premier League.
Competition dispute
Johnson's arrival at Palace comes with the club in dispute with UEFA over which European competition it will play in next season after winning the FA Cup in May — its first major trophy in 120 years of existence.
Thursdays
Keep up to date on sports with Mike McIntyre's weekly newsletter.
Palace was demoted from the Europa League to the Conference League after falling foul of UEFA's rules governing multi-club ownership, but has submitted an appeal to the Court of Arbitration for Sport.
UEFA determined that as of March 1, Textor had control or influence in Palace and French club Lyon.
Textor said he had agreed to sell his stake in Palace to Johnson, but the move came too late to satisfy UEFA.
___
AP soccer: https://apnews.com/hub/soccer
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Sun
39 minutes ago
- Toronto Sun
LILLEY: Carney has failed to deliver on what he promised Canadians
He promised that he knew Trump and how to deal with him, so far, Mark Carney hasn't lived up to the hype. Get the latest from Brian Lilley straight to your inbox Prime Minister Mark Carney fans himself while he marches in the Vancouver Pride Parade in Vancouver, on Sunday, Aug. 3, 2025. Photo by ETHAN CAIRNS / THE CANADIAN PRESS How did Canada get to this point? We went from being a trade priority, close to a deal with Washington to not having a deal and not being a priority. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Friday came and went and there was no trade deal with Donald Trump. Mark Carney's point man on Canada-U.S. relations, Dominic LeBlanc left Washington for Moncton, New Brunswick, a clear sign that talks were not continuing in a serious way. The Americans don't take weekends off if things are going well. Last weekend, Trump was announcing a trade deal with the European Union from his golf course in Scotland, while his top trade negotiator Jamieson Greer was in Sweden for talks with China. This past week in Washington, Canadian officials may have been in the American capital, but they weren't meeting with top American officials. People like Greer were busy elsewhere and we were relegated. Meanwhile, Carney couldn't get Trump to return his phone call. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'We haven't spoken to Canada today. He's called and we'll see,' Trump said last Thursday when asked about talks with Canada. On Sunday, LeBlanc told CBS's Face the Nation that Carney still hadn't spoken with Trump, but he expected they would in the coming days. This is really bad for Carney, both in terms of what it means economically for Canada but also compared to what he promised voters. 'I know the president, I've dealt with the president in the past in my previous roles when he was in his first term, and I know how to negotiate,' Carney said during the Liberal leadership race that made him PM. Other countries are getting deals, and we are getting higher tariffs, but it didn't have to be this way. When Premier Doug Ford went to Washington for meetings in March, he heard directly from Greer and Commerce Secretary Howard Lutnick that Canada was a priority. They told Ford the April 2 tariffs would come into place and then the Americans would seek to negotiate deals, and Canada was at the top of the list. This advertisement has not loaded yet, but your article continues below. LeBlanc was in that meeting, so was Carney's now Finance Minister Francois-Philippe Champagne. Though maybe Champagne didn't hear the message because according to several who are privy to what happened in the room, Champagne was busy trying to explain to the Americans how wrong they were and had to be reined in. RECOMMENDED VIDEO In early June, talk of a deal coming shortly, before the G7 in Kananaskis was rampant. Officials in Ottawa didn't deny talks of a deal happening quickly, in fact, they fed into that idea. The deal didn't happen before the G7 but while Carney and Trump were holding a media availability at the start of the summit, Trump said a deal could still be reached quickly, perhaps even that day. A deal didn't happen in Kananaskis either and one hasn't happened since. So much for Mark Carney being the 'Trump whisperer' as CNN described him, or Carney knowing how to get a deal with Trump. This advertisement has not loaded yet, but your article continues below. Right now, his knowledge of President Trump seems weak, his negotiating skills appear absent. I know many Canadians, across all political stripes simply hate Trump and appear willing to cheer on anyone who stands against him. My email inbox and social media feeds are regularly filled with people saying you can't negotiate with a lunatic, meaning Trump, and no one can get a deal with him. Well, Keir Starmer the British PM got a deal. European Union President Ursula von der Leyen got a deal with Trump, one that includes buying billions of dollars' worth of liquefied natural gas that the Europeans asked us to sell them and that the Liberal government said there was no business case for. Mark Carney told Canadians he was the man with the plan, the man with the experience to deliver, but so far, he's failing. Read More Celebrity Sunshine Girls Sex Files Relationships Columnists
Cision Canada
an hour ago
- Cision Canada
TERREPOWER Solidifies Global Leadership in Sustainable Manufacturing as Multi-Billion Automotive and Industrial Aftermarket Continues to Surge Français
DAPHNE, Ala., Aug. 4, 2025 /CNW/ -- TERREPOWER, formerly BBB Industries, a global pure-play aftermarket leader in sustainable manufacturing, continues to experience significant growth driven by its visionary leadership and innovative solutions for the automotive and industrial aftermarket. In 2024, the company produced 17 million remanufactured units out of 20 million total units while avoiding more than 160,000 metric tons of CO2 through its carbon neutral business model, positioning TERREPOWER as the world's largest sustainable manufacturer by volume. "Traditional remanufacturing extends the life of automotive and industrial parts while TERREPOWER's sustainable manufacturing processes also prioritize responsible sourcing, efficient waste management, a systematic approach to energy use and resource conservation for environmental stewardship," said Duncan Gillis, CEO of TERREPOWER. "Our success reflects both the exceptional value of our components for end users and the benefits of smarter sourcing, which keeps business flowing amidst market uncertainties and supply chain disruptions." TERREPOWER's scaled sustainable manufacturing process has advantages beyond environmental responsibility. For customers, it fulfills a strategic imperative to ensure operational continuity, economic stability and risk mitigation in a volatile global economy. With the shift from traditional far-shoring to near-shoring and on-shoring, amplified by today's dynamic environment of trade agreements and tariffs, sustainable manufacturing using core components and production close to customers becomes even more desirable. TERREPOWER boasts an extensive global reach with products sold in 90 countries, supported by a dedicated workforce of more than 10,000 people worldwide. The company is undergoing aggressive expansion propelled by growing demand for high-quality, sustainably manufactured products. The recent appointment of European business unit president, Michael Boe, based in Zug, Switzerland, signals the company's continued dedication to strengthening its capabilities in key markets internationally while maintaining its commitment to carbon neutrality. "TERREPOWER's commitment to innovation and sustainability, paired with its global growth strategy, makes this an incredible opportunity," said Michael Boe, president of TERREPOWER's European business unit. Sustainable to the Core Founded in 1987 as BBB Industries, the company has evolved from its roots as a family-run remanufacturing business in the American South to a global, scaled circular business—a testament to a clear strategic vision that underpins its growth. Earlier this year, the company rebranded to TERREPOWER to demonstrate its profound commitment to innovation and fostering a more efficient, resource-conscious future. Derived from the French word for "earth," "Terre" signifies a dedication to preserving valuable resources, while "Power" reflects the power of the company's value proposition. At the core of TERREPOWER's value proposition is delivering high-quality, sustainably manufactured aftermarket parts that meet or exceed OEM standards—at a significant cost advantage. Through meticulous remanufacturing of used or worn components to like-new condition, the company's approach effectively breaks the OE quality vs. cost trade-off, offering exceptional value by repurposing "core" materials without incurring the raw material extraction costs or the significant carbon footprint associated with manufacturing entirely new parts. TERREPOWER's success also reflects a global shift, where industries are increasingly transitioning from a traditional linear "take-make-waste" model to a circular economy paradigm propelled by escalating environmental awareness, regulatory pressures, and the pursuit of operational efficiencies and cost savings across sectors. These financial advantages, coupled with a reduced environmental footprint, enhance product appeal to eco-conscious buyers who are driving increased market demand. This positive feedback loop further incentivizes investment in sustainable infrastructure, accelerating a structural transformation of the market. Global Growth for the Company and Aftermarket Industry Remanufacturing is part of the broader aftermarket industry. According to Auto Care Association's most recent Auto Care Factbook, in 2024, total U.S. light-duty automotive aftermarket sales grew by 5.7 percent, reaching $413.7 billion. Sales in 2025 are expected to reach $435 billion. The broader automotive aftermarket (including light, medium, and heavy-duty segments) is forecasted to exceed $664 billion by 2028. This sustained growth, even amidst economic challenges such as inflation, highlights the industry's resilience and the increasing tendency of consumers to keep aging passenger vehicles, which now average over 12.8 years on the road. Remanufacturing is not limited to the automotive sector. According to the Remanufacturing Industries Council, it serves a wide range of markets from aerospace, automotive and consumer products to heavy duty equipment, information technology, locomotive systems and others. Globally, the industry is also experiencing substantial growth. Key trends driving its growth include increasing acceptance of the remanufacturing value proposition, inflation affecting affordability, aging equipment, decreasing number of traditional service professionals, technical complexity of modern parts, increasing global regulatory emphasis on circularity and sustainability, resource efficiency, and the reduction of carbon emissions. Other trends include a heightened demand for environmentally friendly vehicles from consumers and strong demand among fleet operators for cost-effective, high-quality alternatives to new parts. Micro trends influencing the future of remanufacturing include the accelerating shift to EVs, which presents challenges to traditional automotive parts remanufacturing and unlocks substantial new opportunities, particularly in battery remanufacturing. Ultimately, inherent cost-effectiveness coupled with their contribution to supply chain resilience positions remanufactured parts as economically compelling alternatives to new production. The appeal to buyers and decision-makers is clear. TERREPOWER serves as a reliable, value-driven and increasingly regional source for critical components. The company's innovative approach makes a compelling business case for sustainable manufacturing, and its success demonstrates that environmental responsibility and robust economic viability are not mutually exclusive but synergistic. Given the broad array of products that benefit from sustainable manufacturing and opportunities in Europe and other markets internationally, TERREPOWER's growth prospects continue to strengthen. With unwavering commitment to creating long-term value for customers through continuous innovation, TERREPOWER is catalyzing the growth of a circular economy for the automotive and industrial sectors worldwide. TERREPOWER, formerly BBB Industries, is the largest sustainable manufacturer in the world by volume. Founded in 1987 on a legacy of innovation, TERREPOWER is a global pure-play aftermarket leader specializing in providing high-quality components to the automotive and industrial markets. Based in Daphne, Alabama, TERREPOWER has a dedicated global workforce of over 10,000 employees and an extensive operational footprint throughout North America and Europe, including 19 sustainable manufacturing facilities, 14 distribution centers, and 28 brands with products sold in more than 90 countries, TERREPOWER is committed to strengthening supply chain resilience, reducing waste and advancing the circular economy. Learn more at
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Bayer Leverkusen extends Patrik Schick's contract until 2030
LEVERKUSEN, Germany (AP) — Bayer Leverkusen has extended a contract for Czech Republic striker Patrik Schick until 2030, the German Bundesliga club said on Monday. Schick's original deal was to expire in 2027. The announcement came after a string of key players left the club this off-season. They include midfielder Granit Xhaka, attacking midfielder Florian Wirtz, right back Jeremie Frimpong and defender Jonathan Tah — all crucial to Leverkusen's league and cup double in 2024. Also, coach Xabi Alonso departed for Real Madrid. Schick was Leverkusen's top scorer last season with 27 goals in 45 games and scored a total of 64 goals in the Bundesliga for the club since his arrival in 2020. Former Manchester United manager Erik ten Hag, who was appointed in May to replace Alonso, is faced with a big rebuild due to the departures. Leverkusen's off-season spending so far has gone on American attacking midfielder Malik Tillman from PSV Eindhoven and former Liverpool defender Jarell Quansah, while the club's also signed Brentford's highly-rated goalkeeper Mark Flekken. 'Bayer 04 is working hard to assemble a top team for the future,' Schick said. 'I firmly believe that we will continue to play a significant role in the Bundesliga and in Europe.' Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. ___ AP soccer:
