JOHN Textor is selling his 43 per cent stake to New York Jets owner Robert ‘Woody’ Johnson, Crystal Palace have confirmed.
BBC Sport are reporting the deal is worth close to £190million.
In a statement on Monday, the club said: “Crystal Palace Football Club can confirm that Robert Wood Johnson, Woody, an American businessman and co-owner of the New York Jets, has signed a legally binding contract to purchase Eagle Football’s holding in the Club.
“Whilst the completion is pending approval from the Premier League and Women’s Super League, we do not envisage any issues and look forward to welcoming Woody as a partner and director of the club.
“We would like to go on record to thank John Textor for his contribution over the past four years and wish him every success for the future.”
The Eagles are fighting to play in the Europa League next season. Uefa forbid more than one club under a multi-club ownership structure from competing in the same competition. Textor owns French side Lyon, who have also qualified for next season’s Europa League.
If the issue isn’t resolved, Palace would lose their place as Lyon had a higher league finish last season.
Palace haven’t commented on that issue, with Uefa set to make their decision before the end of June.
Johnson, 78, was the United States ambassador to the United Kingdom from 2017 to 2021. He is an heir to the Johnson & Johnson pharmaceutical company fortune.
He purchased the New York Jets for $635 million in 2000.
As of April 2024, the Bloomberg Billionaires index estimated his net worth at $9.92billion.
