Woody Johnson's 190 Million Pound Entry into Crystal Palace Ownership

Woody Johnson, co-owner of the New York Jets and former U.S. ambassador to the UK, is set to purchase a 43% stake in Crystal Palace from Eagle Football Holdings for 190 million pounds. The agreement awaits approval from the Premier League and Women's Super League. This move addresses UEFA competition ownership rules.

In a significant development for both sports and business, Robert Wood "Woody" Johnson, co-owner of the New York Jets, is taking a substantial stake in Crystal Palace, a Premier League club. British media outlets report the investment amount to be close to a staggering 190 million pounds, approximately $254.39 million.

The deal's completion hinges on approval from both the Premier League and the Women's Super League. However, Crystal Palace officials express optimism about the outcome. They anticipate welcoming the former U.S. ambassador to the United Kingdom as both a partner and director following the successful transaction.

This strategic acquisition involves Johnson purchasing a 43% stake from Eagle Football Holdings, led by businessman John Textor, who maintains investments in other clubs, including Olympique Lyonnais and Botafogo. The transaction mitigates potential UEFA conflicts, given clubs under the same ownership cannot compete within the same competition framework.

(With inputs from agencies.)