Latest news with #WoodyJohnson
BBC News
8 hours ago
- Business
- BBC News
Textor advancing in talks over selling Palace shares
Crystal Palace part-owner John Textor is advancing in talks with New York Jets owner Woody Johnson to sell his stake in the Premier League deal - understood to be worth in the region of £190m - could be key towards boosting the club's hopes of being cleared to play in Europe next with knowledge of the proposed deal have indicated that Johnson is ahead of two other parties in the race to purchase the 43% stake in Palace owned by Eagle Football Holdings – Textor's multi-club insist a deal for Johnson to purchase Eagle's stake in the Selhurst Park club is yet to ratified, but is in its closing is understood that Johnson has indicated he can transfer the funds quickly, which is a crucial factor as to why the American businessman's offer is currently viewed as the most favourable given the predicament Palace find themselves in with Uefa regarding entry into next season's Europa face losing their spot in next season's competition, earned after winning last season's FA Cup, due to Textor's perceived involvement in the football's governing body Uefa are currently ascertaining whether Palace have breached their rules over multi-club ownership structures as Textor also holds a stake in French club Lyon, who have qualified for the Europa League next season. Whether the process of Textor selling his stake in Palace influences Uefa's final decision remains to be it does provide an indication the businessman is open to severing ties with Palace, an eventual scenario that could allow the Premier League club entry into the Europa other two parties in the running are unconfirmed but well-placed sources have indicated that a globally-renowned entertainment giant based in Florida have shown an interest, while another consortium that includes the NBA star Jimmy Butler also have a reported vehicle Sportsbank – who were named as the preferred bidder to buy into Eagle at a time Textor was looking for investment – have also shown an interest in making an it is claimed that it would have taken around a month for Sportsbank to draw the financial contributions from their investors from the Middle East and the US which would not suit Textor's need for a quick sale to help aid Palace's case with claim that Johnson is best placed among the interested parties to pass the Premier League's owner's and directors test given his estimated £3.39bn fortune and his status as globally-renowned businessman. He is the heir to the Johnson & Johnson pharmaceutical are expected to make a decision on whether Palace can participate in the Europa League by the end of June.
Yahoo
12 hours ago
- Business
- Yahoo
Crystal Palace's Europa League hopes increase as Johnson closes on £190m deal
The New York Jets owner, Woody Johnson, is closing in on a deal to buy John Textor's shares in Crystal Palace in a move that could help the FA Cup winners' chances of playing in next season's Europa League. Johnson, who has owned the Jets since 2000, offered £190m for Textor's 44.9% stake in the south London club last week, while the American is also believed to have received two similar bids from separate investors in recent days. But it is understood that despite being significantly below his valuation of around £240m, Textor is edging towards concluding a deal with Johnson and is now said to be ready to move on to invest in another club in English football after accepting defeat in his boardroom battle with the club's chair, Steve Parish. Advertisement Related: Crystal Palace stun Manchester City to win FA Cup amid drama and Henderson controversy He is believed to be under increasing pressure from Parish and Palace's other co-owners – Textor's fellow Americans Josh Harris and David Blitzer – to complete the sale as quickly as possible as it is thought that would be looked on favourably by Uefa, with European football's governing body expected to announce before the end of June whether the Palace will be allowed to compete in the Europa League. All four Palace co-owners were part of the club delegation that attended a meeting at Uefa's headquarters in Nyon this month and argued that Textor, the majority shareholder in the French club Lyon, who have also qualified for the Europa League, does not have a decisive influence at Selhurst Park despite being the largest shareholder. Uefa rejected attempts by Textor and Blitzer to place their shares in a blind trust because they missed the 1 March deadline. Blitzer's Danish club, Brøndby, have qualified for the Conference League. It is understood that Johnson is considered the most viable option of the three bids on the table, with his status as the former US ambassador to the UK and the heir to the Johnson & Johnson pharmaceutical fortune making it likely he would pass the Premier League's owners' and directors'test without any issues. According to a source close to Textor, the other interested parties are a consortium that includes the NBA star Jimmy Butler and another private investor from the US. Advertisement Related: Nottingham Forest complain to Uefa over Crystal Palace's European place The offer from Johnson also has the backing of Parish, who was spotted with the 78-year-old friend of Donald Trump at Palace's game against Nottingham Forest at Selhurst Park last month. Palace are understood to remain confident they will be cleared to participate in the Europa League, although Forest could appeal to the court of arbitration for sport after they wrote to Uefa last week raising concerns about a potential breach of multi-club ownership rules by Palace. Forest, whose owner, Evangelos Marinakis, is close to Textor, would stand to be promoted from the Conference League if Palace are banned by Uefa. It was reported on Sunday that Textor had listed his holding company Eagle Football – which also owns the Brazilian side Botafogo and the rebranded Belgian team Daring Brussels (formerly RWD Molenbeek) – for an initial public offering in the US, with a draft registration statement having been sent to the US Securities and Exchange Commission. Neither the volume nor prices of the shares to be listed has been revealed but it is expected to go public in September. Textor has previously held talks over investing in Watford.
The Guardian
12 hours ago
- Business
- The Guardian
Crystal Palace's Europa League hopes increase as Johnson closes on £190m deal
The New York Jets owner, Woody Johnson, is closing in on a deal to buy John Textor's shares in Crystal Palace in a move that could help the FA Cup winners' chances of playing in next season's Europa League. Johnson, who has owned the Jets since 2000, offered £190m for Textor's 44.9% stake in the south London club last week, while the American is also believed to have received two similar bids from separate investors in recent days. But it is understood that despite being significantly below his valuation of around £240m, Textor is edging towards concluding a deal with Johnson and is now said to be ready to move on to invest in another club in English football after accepting defeat in his boardroom battle with the club's chair, Steve Parish. Sign up to Football Daily Kick off your evenings with the Guardian's take on the world of football after newsletter promotion He is believed to be under increasing pressure from Parish and Palace's other co-owners – Textor's fellow Americans Josh Harris and David Blitzer – to complete the sale as quickly as possible as it is thought that would be looked on favourably by Uefa, with European football's governing body expected to announce before the end of June whether the Palace will be allowed to compete in the Europa League. All four Palace co-owners were part of the club delegation that attended a meeting at Uefa's headquarters in Nyon this month and argued that Textor, the majority shareholder in the French club Lyon, who have also qualified for the Europa League, does not have a decisive influence at Selhurst Park despite being the largest shareholder. Uefa rejected attempts by Textor and Blitzer to place their shares in a blind trust because they missed the 1 March deadline. Blitzer's Danish club, Brøndby, have qualified for the Conference League. It is understood that Johnson is considered the most viable option of the three bids on the table, with his status as the former US ambassador to the UK and the heir to the Johnson & Johnson pharmaceutical fortune making it likely he would pass the Premier League's owners' and directors'test without any issues. According to a source close to Textor, the other interested parties are a consortium that includes the NBA star Jimmy Butler and another private investor from the US. The offer from Johnson also has the backing of Parish, who was spotted with the 78-year-old friend of Donald Trump at Palace's game against Nottingham Forest at Selhurst Park last month. Palace are understood to remain confident they will be cleared to participate in the Europa League, although Forest could appeal to the court of arbitration for sport after they wrote to Uefa last week raising concerns about a potential breach of multi-club ownership rules by Palace. Forest, whose owner, Evangelos Marinakis, is close to Textor, would stand to be promoted from the Conference League if Palace are banned by Uefa. It was reported on Sunday that Textor had listed his holding company Eagle Football – which also owns the Brazilian side Botafogo and the rebranded Belgian team Daring Brussels (formerly RWD Molenbeek) – for an initial public offering in the US, with a draft registration statement having been sent to the US Securities and Exchange Commission. Neither the volume nor prices of the shares to be listed has been revealed but it is expected to go public in September. Textor has previously held talks over investing in Watford.
Yahoo
19 hours ago
- Business
- Yahoo
Jets owner Woody Johnson wants to buy an English Premier League soccer team
New York Jets owner Woody Johnson is among the most controversial figures in North American sports. Among the heirs to the Johnson & Johnson pharmaceutical fortune, Johnson purchased the Jets for $635 million alongside his brother Christopher Johnson in 2000. He's now setting his sights on expanding his ownership by attempting to purchase a soccer team. Johnson has reportedly made an offer to purchase a 43 percent stake in English Premier League (EPL) club Crystal Palace, according to a report by The Telegraph. Crystal Palace's estimated value is said to be approximately £500 million. This isn't Johnson's first attempt to purchase an English soccer club. The former United Kingdom Ambassador made an approach to purchase Chelsea FC in 2022. He was unsuccessful, but is now reigniting his interest by taking a run at a stake in Crystal Palace's ownership structure. Advertisement Crystal Palace finished 12th in the EPL standings this past season. As winners of the FA Cup this year (an in-league Cup competition), they qualified for the Europa League next season, the second-most prestigious European-wide competition. That'll bring more revenue and notoriety to the club in 2025. Crystal Palace has never won the Premier League. Doesn't Johnson already own enough underperforming teams? This article originally appeared on Jets Wire: Jets rumors: Owner Woody Johnson wants to buy an English soccer team
USA Today
20 hours ago
- Business
- USA Today
Jets owner Woody Johnson wants to buy an English Premier League soccer team
Jets owner Woody Johnson wants to buy an English Premier League soccer team BREAKING: John Textor has an offer to sell his Eagle Football Holdings stake in Crystal Palace from Woody Johnson, who owns the NFL franchise New York Jets 🚨 — Sky Sports News (@SkySportsNews) June 12, 2025 New York Jets owner Woody Johnson is among the most controversial figures in North American sports. Among the heirs to the Johnson & Johnson pharmaceutical fortune, Johnson purchased the Jets for $635 million alongside his brother Christopher Johnson in 2000. He's now setting his sights on expanding his ownership by attempting to purchase a soccer team. Johnson has reportedly made an offer to purchase a 43 percent stake in English Premier League (EPL) club Crystal Palace, according to a report by The Telegraph. Crystal Palace's estimated value is said to be approximately £500 million. This isn't Johnson's first attempt to purchase an English soccer club. The former United Kingdom Ambassador made an approach to purchase Chelsea FC in 2022. He was unsuccessful, but is now reigniting his interest by taking a run at a stake in Crystal Palace's ownership structure. Crystal Palace finished 12th in the EPL standings this past season. As winners of the FA Cup this year (an in-league Cup competition), they qualified for the Europa League next season, the second-most prestigious European-wide competition. That'll bring more revenue and notoriety to the club in 2025. Crystal Palace has never won the Premier League. Doesn't Johnson already own enough underperforming teams?
