Jets Owner Woody Johnson Set to Buy 43% Stake in Crystal Palace for….

Jets Owner Woody Johnson Set to Buy 43% Stake in Crystal Palace for $254 Million

Woody Johnson, the owner of the New York Jets, is expanding his sports portfolio with a major investment in English football.

Johnson, who purchased the Jets in 2000 for $635 million, has been with the team ever since—aside from a period serving as the U.S. Ambassador to the United Kingdom, during which his brother, Christopher Johnson, acted as the team’s owner. Woody Johnson returned to his role in 2021.

Now, Johnson is set to acquire a 43% share of Crystal Palace, a Premier League club, in a deal worth £190 million ($254 million), as reported by ESPN’s Mark Ogden.

“Woody Johnson has reached an agreement to buy a 43% stake in Premier League club Crystal Palace from American businessman John Textor,” Ogden wrote. “The deal is contingent on Premier League approval and Johnson passing the league’s Owners and Directors’ Test (also known as the Fit and Proper Persons Test).”

Crystal Palace also confirmed the news on their official social media account, stating:

“Crystal Palace Football Club is pleased to announce that Robert Wood Johnson, known as ‘Woody,’ a U.S. businessman and co-owner of the New York Jets, has signed a legally binding contract to purchase Eagle Football’s stake in the club. The deal is pending Premier League and Women’s Super League approval, and we do not anticipate any issues. We look forward to welcoming Woody as a partner and director. We also want to thank John Textor for his contributions over the past four years and wish him the best moving forward.”