New York Jets owner Woody Johnson has finalized a £190 million deal to purchase a 43% stake in Premier League club Crystal Palace from American businessman John Textor, the club announced on Monday. This marks a significant step in the growing trend of American investors acquiring stakes in European football clubs, with Johnson’s ownership now extending to one of England’s most storied Premier League franchises.
The transaction, which values Crystal Palace at approximately £441 million, underscores the increasing global appeal of English football and the financial opportunities it presents. Johnson, who already owns the Jets and the New York Liberty of the WNBA, is expanding his sports portfolio with this acquisition, which could lead to increased investment in both the club’s infrastructure and potential expansion of youth academies.
John Textor, a well-known figure in the football world, had previously owned a majority stake in Crystal Palace before selling the significant portion to Johnson. The deal is expected to be finalized in the coming months, with both parties expressing confidence in the potential for growth and success under Johnson’s management. This move is seen as part of a broader pattern of American interest in European football, with previous investments including the ownership of the New York Red Bulls and the MLS expansion into European markets.
Analysts suggest that the investment reflects not only the financial viability of Premier League clubs but also the strategic value of having a strong presence in one of the world’s most competitive football leagues. As Johnson now holds a significant stake in Crystal Palace, the club may see increased investment in its squad, facilities, and youth development programs, potentially enhancing its competitiveness on the pitch.