Woody Johnson Buys Crystal Palace Stake | NY Jets Owner
- New York jets owner woody Johnson is poised to acquire a significant stake in Crystal Palace,a Premier League team.
- Crystal Palace announced the deal Monday, noting that Johnson must pass the league's Owners and Directors' Test.
- The potential acquisition of Crystal Palace stake by Johnson could pave the way for the 2024-25 FA Cup winners to participate in the UEFA Europa League next season.
Woody Johnson, owner of the New York Jets, is set too purchase a meaningful stake in Crystal Palace, injecting fresh capital into the Premier League club. This £190 million deal, representing a 43% share, awaits Premier League approval, a critical step that could reshape Crystal Palace’s future. Johnson’s potential involvement could address UEFA concerns about multi-club ownership rules and pave the way for the team to compete in the europa League. Crystal Palace anticipates a smooth transition, welcoming Johnson as a future partner. This acquisition marks a significant move for the Jets’ owner. The deal offers a chance to reshape the ownership structure of the Crystal palace team. News Directory 3 has the latest updates on this story. Discover what’s next for Crystal Palace and its European ambitions.
Jets’ Woody Johnson Pursues Crystal Palace Stake in Premier League Deal
Updated June 23,2025
New York jets owner woody Johnson is poised to acquire a significant stake in Crystal Palace,a Premier League team. The agreement, valued at £190 million ($254 million) for a 43% share, hinges on approval from the Premier League.
Crystal Palace announced the deal Monday, noting that Johnson must pass the league’s Owners and Directors’ Test. the club anticipates no issues and welcomes Johnson as a future partner and director.
The potential acquisition of Crystal Palace stake by Johnson could pave the way for the 2024-25 FA Cup winners to participate in the UEFA Europa League next season. It would also address concerns regarding multi-club ownership rules, given that current shareholder John Textor‘s Eagle Football Holdings Group holds a controlling interest in Lyon, a French club.
Crystal Palace still needs clearance to compete in the Europa League, pending ongoing discussions with UEFA.
UEFA regulations prevent two teams with the same ownership from competing in the same competition unless shares are placed in a blind trust. Textor reportedly missed the March 1 deadline to place his shares in such a vehicle.
Johnson, who previously served as the U.S. ambassador to the U.K. from 2017 to 2021, also made an unsuccessful bid to purchase Chelsea in 2022.
What’s next
The Premier League’s decision on Johnson’s submission will determine the future ownership structure of Crystal Palace and its eligibility for european competition.