Jets proprietor Woody Johnson agrees to purchase stake in English soccer membership Crystal Palace

New York Jets proprietor Woody Johnson goes again throughout the pond for his latest funding.

Johnson, a former U.S. ambassador to the UK, has agreed to buy a stake in English soccer membership Crystal Palace from American businessman John Textor, the membership introduced on Monday.

ESPN reported that Johnson is buying a 43% stake from Textor as a part of a $254 million deal.

“While the completion is pending approval from the Premier League and Ladies’s Tremendous League, we don’t envisage any points and sit up for welcoming Woody as a companion and director of the membership,” Crystal Palace stated in a press release. “We want to go on file to thank John Textor for his contribution over the previous 4 years and need him each success for the long run.”

Johnson was the U.S. ambassador to the U.Okay. from 2017 to 2021 throughout President Donald Trump’s first administration. He beforehand declared himself a supporter of fellow English membership Chelsea and made an unsuccessful bid to buy Chelsea in 2022.

Crystal Palace’s possession group additionally contains different NFL homeowners in Josh Harris, the Washington Commanders’ principal proprietor, and David Blitzer, a Commanders minority proprietor, in addition to English businessman Steve Parish.

Crystal Palace received the 2024-25 FA Cup, an annual home competitors that pits groups throughout English soccer divisions in opposition to each other, and completed twelfth within the Premier League desk this previous season.

The membership is now poised to play within the UEFA Europa League. It was probably at risk of breaching multiclub possession guidelines with Textor’s Eagle Soccer Holdings Group additionally proudly owning a controlling stake in French membership Lyon, which additionally certified for the Europa League.