-
New York Jets owner buys Crystal Palace stake, boosts Europa hopes.
-
UEFA rule nearly blocked Palace – Johnson’s deal changes everything.
-
What Woody Johnson’s move means for Crystal Palace fans.
Also Read: Crystal Palace Coach Oliver Glasner Reveals Key to 4-0 Victory Over Manchester United
New York Jets owner,Woody Johnson has bought Crystal Palace stake in a £190 million deal that could secure Palace’s spot in next season’s Europa League.
Moreover, Johnson moves quickly to purchase John Textor’s 43 percent share, clearing the path for Palace’s first-ever European adventure.
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
Back in May, Palace made history by beating Manchester City in the FA Cup final.
Consequently, they earned their maiden qualification for continental competition.
Textor also owns a stake in Lyon, who finished sixth in Ligue 1, while Palace came 12th in the Premier League.
Therefore, UEFA rules would have allowed only Lyon into Europe.
By snapping up Textor’s share, Johnson removes that conflict and guarantees Palace’s Europa League berth.
Johnson paid £190 million ($255 million) for the shares.
Moreover, the Premier League and Women’s Super League must still ratify the deal, but Palace expect approval without fuss.
A former U.S. ambassador to the UK and heir to the Johnson & Johnson fortune (net worth $9.2 billion in 2024), Johnson brings huge financial clout.
He even bid for Chelsea in 2022.
Textor first invested in Palace in 2021 and also owns stakes in Botafogo and Molenbeek.
Therefore, his exit ends the multi-club ownership issue.
UEFA’s final verdict on Palace’s Europa League place should arrive before the month’s end.
With fresh investment and continental nights back on the horizon, Palace fans can look forward to a more stable future and thrilling matches at Selhurst Park.
Key Takeaways
- Johnson is acquiring a 43 percent stake in Crystal Palace for £190 million.
- The purchase resolves the UEFA ownership clash with Lyon.
- UEFA will confirm Palace’s Europa League participation before month’s end.
Will Woody Johnson’s takeover spark a new era at Selhurst Park? Share your thoughts below, tap “Like,” and subscribe for the latest updates!
