&w=3840&q=100)
EPL club Crystal Palace lands new backer as Woody Johnson joins Investors
I am honoured and privileged to be joining the ownership group of Crystal Palace Football Club, Johnson told the club website Thursday.
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.
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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

First Post
25 minutes ago
- First Post
'Coercion and pressure': China slams Trump's secondary sanction threat for buying Russian oil
'China will always ensure its energy supply in ways that serve our national interests. Tariff wars have no winners. Coercion and pressuring will not achieve anything…,' said China's Foreign Ministry spokesperson read more US President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. File Photo/Reuters Beijing on Wednesday slammed US President Donald Trump for threatening to impose secondary sanctions on countries that continue purchasing oil from Russia, calling the move an act of 'coercion and pressure.' In a strongly worded response on X, a spokesperson for China's Foreign Ministry said, 'China will always ensure its energy supply in ways that serve our national interests. Tariff wars have no winners. Coercion and pressuring will not achieve anything. China will firmly defend its sovereignty, security and development interests.' STORY CONTINUES BELOW THIS AD Response to U.S. suggestion that it will significantly raise tariffs if China continues to purchase Russian oil: China will always ensure its energy supply in ways that serve our national interests. Tariff wars have no winners. Coercion and pressuring will not achieve anything.… — CHINA MFA Spokesperson 中国外交部发言人 (@MFA_China) July 30, 2025 Earlier in the day, President Trump imposed 25% tariffs and imposed a penalty on India for buying Russian oil amid the ongoing war in Ukraine. He also warned China and threatened to impose tariffs on Beijing. '…Also, they (India) have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD!' Trump posted on Truth Social. On Tuesday, the US and China agreed to extend their mutual tariff pauses for another 90 days, following two days of high-level bilateral talks held in Stockholm, Sweden. Under the extension, the US will maintain its 30% tariffs on Chinese goods, while China will continue its 10% tariffs on American products. STORY CONTINUES BELOW THIS AD Welcoming the development, China's Vice Premier He Lifeng, who led the Chinese delegation, said: 'A stable, healthy and sustainable China-US economic and trade relationship serves not only the two countries' respective development goals but also contributes to global economic growth and stability.' U.S. Treasury Secretary Scott Bessent, part of the American delegation, described the discussions as 'very fulsome,' noting that the two sides covered a wide range of issues, including China's trade relations with Russia and its oil imports from Iran. 'We just need to de-risk with certain, strategic industries, whether it's the rare earths, semiconductors, medicines, and we talked about what we could do together to get into balance within the relationship,' Bessent added. The agreement marks a temporary easing of tensions in a trade relationship that remains under strain due to strategic concerns and geopolitical alignments. With inputs from agencies
&w=3840&q=100)

Business Standard
25 minutes ago
- Business Standard
Leon Marchand breaks 200m medley world record in 1:52.61 seconds
Leon Marchand broke the world record in the 200-meter individual medley on Wednesday at the world championships in Singapore, clocking 1 minute, 52.61 seconds to surpass the 1:54.00 set in 2011 by American Ryan Lochte. The Frenchman set the mark swimming in the semifinals and, in theory, could break it again in Thursday's finals. Marchand won four Olympic gold medals a year ago in Paris, but he's swimming only the 200 and 400 medley and relays in Singapore. Planning the lighter schedule in what he calls a transition year keeps him fresh to chase the world marks. Marchand didn't just break the 14-year-old record, he shattered it. What's crazy is that it's a whole second and it's still hard to believe, he said. 1:52 on the 200 meters that's insane. Marchand will swim the 400 IM on Sunday, the final day of the world championships. He holds that record of 4:02.50 set in the 2023 worlds in Fukuoka, Japan. Today I felt really good before the race, he said. In the water, I felt light, I was taking in a lot of water and technically everything felt clean. Asked about swimming a lighter schedule he replied in understatement: It was probably the right decision. Marchand was about 1.8 seconds under the world record after 150 meters and powered home with the final freestyle leg. Though this race did not yield a world title that will come on Thursday in the final it did win Marchand a check for $30,000. In the end I went out hard from the start, he said. But I stayed super-relaxed. I didn't make many mistakes. I didn't realize I was going that fast but I gave it absolutely everything. Arms at full speed all the way to the wall. At that point I wasn't even thinking about technique anymore.


Mint
25 minutes ago
- Mint
IPL owners make forays in The Hundred; who bought stakes in which English teams? Check complete details
The Indian Premier League (IPL) franchise owners extended their horizon on Wednesday as four of them were announced as "strategic partners" by the England and Wales Cricket Board (ECB) for teams in 'The Hundred'. They will gain operational control by October 1 this year. The ECB in a release confirmed India's GMR, Sun TV Network Limited, RPSG Group, and Reliance Group as the strategic partners that will unlock "hundreds of millions of pounds for game-wide growth". While the RPSG Group (70% stake at Manchester Originals), Sun TV Network Limited (100% stake at Northern Superchargers) and GMR Group (49% stake at Southern Brave) have formally completed their respective deals, the deal with Reliance Group (49% stake at Oval Invincibles) will be done at a later date. The RPSG Group is the owner of Lucknow Super Giants franchise in IPL while Sun TV Network Limited and GMR Group own Sunrisers Hyderabad and Delhi Capitals (co-owner) respectively. Reliance Group owns five-time IPL champions Mumbai Indians. Notably, the owners of Mumbai Indians, Lucknow Super Giants and Sunrisers Hyderabad also own teams in South Africa's premier T20 competition SA20. "The England and Wales Cricket Board (ECB) today confirmed a landmark achievement in the evolution of The Hundred, with deals now complete with the first six strategic partners for The Hundred teams," the ECB said in a statement. The ECB also made it clear that a new board will be established including the representatives from the English board and the teams including both investors and host clubs. This board will have "delegated authority over certain defined matters relating to the strategic direction and commercial growth." London Spirit – Tech Titans (49%) Birmingham Phoenix – Knighthead Capital Management, LLC, on behalf of its investors ('Knighthead') (49%) Manchester Originals – RPSG Group (70%) Northern Superchargers – Sun TV Network Limited (100%) Southern Brave – GMR Group (49%) Welsh Fire – Washington Freedom (50%) Oval Invincibles – Reliance Group (49%) - to be completed later Trent Rockets – Cain International & Ares Management (49%) - to be completed later