Woody Johnson, the owner of the New York Jets, is on the brink of acquiring a major Premier League club, signaling his entry into European football. After an unsuccessful bid for Chelsea in 2022, Johnson’s sights are set on a London-based target once again.
At 78 years old, Johnson is heir to the Johnson & Johnson pharmaceutical empire and has been at the helm of the New York Jets since 2000. A prominent figure in sports, business, and politics, Johnson also served as the U.S. ambassador to the United Kingdom. With his family’s company valued at approximately $9.18 billion, Johnson’s influence in the country is undeniable.
The London-based club, set to compete in international tournaments this season, has reportedly sold 43% of its ownership stake for a value between $220 million and $260 million. This deal reflects the increasing trend of American investors in European soccer.
Crystal Palace, known as ‘The Eagles,’ has a new majority shareholder in Woody Johnson. Following a historic season where the club won its first-ever FA Cup title and secured Europa League qualification for the first time in its history, major investors like Johnson have taken notice.
Crystal Palace confirmed Johnson’s acquisition of a 43% stake previously held by John Textor. With Johnson’s arrival, the Eagles are hopeful of securing a spot in the Europa League, pending UEFA’s final decision on their participation by the end of the month.
With Johnson’s investment, Crystal Palace fans are optimistic about the club’s future in European competition. Stay tuned for updates on this exciting development in the world of soccer.
