Woody Johnson, owner of the New York Jets, is set to acquire a 43% stake in Crystal Palace for £190 million from John Textor, pending Premier League approval. This move is significant for Crystal Palace as it could allow the club to qualify for the UEFA Europa League after winning the FA Cup, resolving ownership conflicts with Textor's other stakes, particularly with Lyon. The Premier League's Owners and Directors' Test and UEFA regulations complicate the transaction, with Textor reportedly trying to divest his shares in Palace for some time.
New York Jets owner Woody Johnson has agreed a £190 million deal to buy a 43% stake in Premier League team Crystal Palace from American businessman John Textor.
Johnson's agreement with Textor is poised for Premier League approval, which would enable Palace to compete in next season's UEFA Europa League.
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