By Martin Graham
Crystal Palace co-owner John Textor has agreed to sell his 43% stake in the Premier League club to New York Jets owner Woody Johnson, according to sources familiar with the matter. The agreement, reportedly valued near £190m, is awaiting approval from the Premier League before it can be finalized.
The transaction involves Eagle Football Holdings, the multi-club entity controlled by Textor. BBC Sport previously indicated that a deal between the two American businessmen was close. Insiders now confirm that the sale documents have been signed.
Johnson will need to pass the Premier League’s owners’ and directors’ test before the transfer of ownership is complete. His ability to quickly provide the necessary funds played a key role in securing the deal, especially with Crystal Palace’s current uncertainty surrounding European competition.
Implications for European qualification
Crystal Palace could lose their Europa League place due to UEFA rules on multi-club ownership. Textor’s involvement at Selhurst Park and his existing interest in French side Lyon, who have also earned Europa League qualification, raise potential conflicts under UEFA’s competition rules.
It remains unclear whether Textor’s decision to sell his stake in Palace will influence the final decision from European football’s governing body. UEFA is currently examining the situation and is expected to deliver a verdict by the end of June.
The club secured a spot in next season’s European competition by winning the FA Cup. However, if UEFA finds that the ownership structure violates its regulations, that position may be withdrawn.
Interest from other investors
Several other groups have expressed interest in acquiring shares in Crystal Palace. A major entertainment company based in Florida has reportedly shown intent, while a separate group involving NBA player Jimmy Butler is also believed to be exploring a deal.
In addition, Sportsbank – an investment firm previously named as the preferred bidder during Textor’s earlier investment search – may also return with an offer.
Johnson, 78, previously served as the United States ambassador to the United Kingdom and has owned the New York Jets since 2000. He is part of the family behind Johnson & Johnson, and Bloomberg has estimated his net worth at roughly £6.8bn in 2024.
