NFL owner worth £2.4billion reaches agreement to buy John Textor’s stake in Crystal Palace

New York Jets co-owner Woody Johnson has reached an agreement with John Textor to buy his shares in Crystal Palace, talkSPORT understands. The deal for Textor’s 43 per cent stake, worth in excess of £171million [€200m], is subject to Premier League approval. UEFA are now expected to ratify FA Cup winners Palace‘s participation in the Europa League by the end of this month. The Eagles had been in danger of being dumped out of Europe’s second-tier competition due to UEFA’s multi-club ownership rules. That is because Textor also controls Ligue 1 giants Lyon, who will also be plying their trade in the Europa League in the 2025/26 season. Textor became involved in Palace in August 2021, where he invested £86m for 43 per cent of the ownership of the club. For Jets co-owner Johnson, it will be his first step into football having previously made a £2billion bid to buy Chelsea in 2022. Though Johnson, who is worth a reported £2.4bn, later withdrew from the bidding process. The 78-year-old though has plenty of experiences in professional sport having acquired the New York Jets of the NFL alongside his brother Christopher for £472m in 2000. And 25 years later, they are estimated to be worth in the region of £5.1bn. Johnson also oversaw the Jets moving into the MetLife Stadium in 2020, which will host the 2026 World Cup final. More to follow… Textor has reached an agreement to sell his shares in PalaceGetty

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NFL owner worth £2.4billion reaches agreement to buy John Textor’s stake in Crystal Palace

New York Jets co-owner Woody Johnson has reached an agreement with John Textor to buy his shares in Crystal Palace, talkSPORT understands.

The deal for Textor’s 43 per cent stake, worth in excess of £171million [€200m], is subject to Premier League approval.

UEFA are now expected to ratify FA Cup winners Palace‘s participation in the Europa League by the end of this month.

The Eagles had been in danger of being dumped out of Europe’s second-tier competition due to UEFA’s multi-club ownership rules.

That is because Textor also controls Ligue 1 giants Lyon, who will also be plying their trade in the Europa League in the 2025/26 season.

Textor became involved in Palace in August 2021, where he invested £86m for 43 per cent of the ownership of the club.

For Jets co-owner Johnson, it will be his first step into football having previously made a £2billion bid to buy Chelsea in 2022.

Though Johnson, who is worth a reported £2.4bn, later withdrew from the bidding process.

The 78-year-old though has plenty of experiences in professional sport having acquired the New York Jets of the NFL alongside his brother Christopher for £472m in 2000.

And 25 years later, they are estimated to be worth in the region of £5.1bn.

Johnson also oversaw the Jets moving into the MetLife Stadium in 2020, which will host the 2026 World Cup final.

More to follow…