1 week ago
Woody Johnson signs £190m deal to buy John Textor’s shares in Crystal Palace
Premier League likely to ratify sale within four weeksMove expected to clear way for Palace to play in EuropeWoody Johnson has agreed a deal to buy John Textor’s stake in Crystal Palace, with a sale to the New York Jets owner likely to be ratified by the Premier League within four weeks.In a move that could be a major boost to Palace’s hopes of playing in next season’s Europa League, it is understood that Johnson’s offer of £190m for Textor’s 44.9% stake was signed on Sunday evening in the United States. The 78-year-old, who has owned the Jets since 2000 and missed out on buying Chelsea in 2022 after making a $2bn offer, mustpass the Premier League’s owners’ and directors’ test before he can complete the purchase. But it is understood that with Palace under pressure from Uefa to comply with its regulations on multi club ownership, the league is expected to act swiftly to aid their cause. Continue reading...
Economics
