New York Jets owner Woody Johnson is set to invest in English soccer by purchasing a 43% stake in Crystal Palace from American businessman John Textor for $254 million. The acquisition is pending approval from the Premier League and Women’s Super League, but Crystal Palace anticipates no issues. The club expressed gratitude towards Textor for his contributions over the past four years.
Johnson, who served as the U.S. ambassador to the United Kingdom from 2017 to 2021 during the Trump administration, is a known supporter of Chelsea, having attempted to buy the club in 2022. Crystal Palace’s ownership also includes NFL figures like Josh Harris, owner of the Washington Commanders, and David Blitzer, a minority owner of the Commanders, alongside English businessman Steve Parish.
In recent accomplishments, Crystal Palace recently won the 2024-25 FA Cup and secured a 12th-place finish in the Premier League, which qualifies them for the UEFA Europa League. However, the club faces ownership challenges as Textor’s Eagle Football Holdings also owns a controlling stake in French club Lyon, potentially risking breaches of multiclub ownership rules.
Johnson’s interest in Crystal Palace marks a significant step in his sports investment career and his return to the English soccer scene, where he aims to leverage his experience and connections. The partnership is viewed as a promising addition to Crystal Palace’s management, as they continue to navigate the competitive landscape of both Premier League and European football.
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