Connect with us

Hi, what are you looking for?

Sports

Jets owner Woody Johnson buys stake in Premier League club

Woody Johnson is going international.

The New York Jets owner has become a familiar face across the pond in recent years, having previously served as the United States ambassador to the United Kingdom during President Donald Trump’s first administration. As the NFL’s international marketing rights have expanded, teams began vying for exclusive shares of specific markets.

Johnson’s Jets were awarded marketing rights to the UK, making it the green-and-whites’ second home under the NFL Global Markets program. Eight other teams have those rights.

Now Johnson is digging into the world’s game, buying a stake in the Premier League’s Crystal Palace. The move was announced by the soccer team on Monday, with ESPN reporting the 43% stake owned by John Textor was sold to Johnson for $254 million.

“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,” the club said in a statement.

The sale will have to pass the league’s Owners and Directors’ Test, something that isn’t expected to be a problem.

Johnson bought the Jets for $635 million in 2000, an NFL record at the time. He now adds a second professional sports franchise to his portfolio, a trend that is becoming increasingly commonplace across pro sports. Johnson is set to join a Crystal Palace ownership group that includes Washington Commanders owners, Josh Harris and David Blitzer – who each own 18% of the club.

The Jets owner previously attempted to buy Chelsea F.C. in 2022, noting he became a fan of the team during his time as ambassador.

Now it appears Johnson will be trading in his Chelsea blue for Palace’s red-and-blue.

This post appeared first on USA TODAY
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    You May Also Like

    Business

    Sports merchandising giant Fanatics is aiming to build a training camp for athletes to prepare them for life off the field. More than two...

    Stocks

    Join Dave as he shares how he uses the power of Fibonacci retracements to anticipate potential turning points. He takes viewers through the process...

    Stocks

    The stock market has been on quite the rollercoaster of late, thanks to news headlines. But investors seem to have shrugged off the past...

    Sports

    The Washington Wizards will trade guard Jordan Poole, forward Saddiq Bey and the No. 40 pick in the second round of 2025 NBA Draft...

    Disclaimer: EasyProfitResearch.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EasyProfitResearch.com | All Rights Reserved