What do you think of Woody Johnson's move to buy into Crystal Palace?
NY Jets Owner Buys $254M Stake in Crystal Palace
New York Jets owner Woody Johnson is set to become a major shareholder in English Premier League club Crystal Palace after agreeing to a £190 million ($254 million) deal to acquire a 43% stake from American investor John Textor. The move comes as Textor, whose Eagle Football group also owns French club Lyon, faced UEFA pressure to resolve multi-club ownership issues ahead of the 2024–25 European competitions. Johnson’s investment includes shared voting power and places him alongside other U.S. co-owners like Steve Parish, Josh Harris, and David Blitzer. This marks Johnson’s first major international soccer venture and his second prominent European football move after his bid to purchase Chelsea in 2022. Premier League approval is pending, but the deal is expected to go through without issue. The acquisition is seen as a strategic expansion of Johnson’s sports portfolio and a potential boost to Crystal Palace’s financial clout.
Options
- Smart business move
- Bad timing financially
- Great for Palace
- Doesn't change much
- Too early to tell