New York Jets proprietor Woody Johnson is lastly set to get his arms on an English soccer crew. Premier League facet Crystal Palace introduced on Monday that Johnson has signed “a legally binding contract” to purchase the shares of fellow American John Textor, who has a 43% stake within the London membership.
Reviews have positioned the value between $220 million and $260 million. In 2000, Johnson bought his first sports activities crew, the Jets, for $635 million. That was, on the time, a report value for a New York skilled sports activities crew, and the third-most for any crew.
“While the completion is pending approval from the Premier League and Girls’s Tremendous League, we don’t envisage any points and stay up for welcoming Woody as a accomplice and director of the membership,” Palace mentioned in a press release.
“We wish to go on report to thank John Textor for his contribution over the previous 4 years and want him each success for the long run.”
Johnson submitted a bid to purchase Chelsea in 2022 however was unsuccessful.
The sale of Textor’s shares boosts Palace’s hopes of enjoying within the Europa League subsequent season, having certified because of its FA Cup ultimate victory over Manchester City final month.
Textor can be a shareholder in French facet Lyon, which is about to enter the identical competitors, and below UEFA multi-club possession guidelines, it seemed as if Palace may miss out.
Johnson beforehand served as the US ambassador to the UK, from 2017 to 2021.
The Related Press contributed to this report.
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