Woody Johnson, owner of the New York Jets, has reached an agreement to buy a 43% stake in the Premier League club Crystal Palace for approximately £190 million ($254 million) from John Textor. The deal awaits approval from the Premier League and the league's Fit and Proper Persons Test. This acquisition may enable Crystal Palace to participate in the UEFA Europa League after winning the 2024-25 FA Cup, while addressing concerns around multiclub ownership rules due to Textor's stake in Lyon.
"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."
"Should Johnson's agreement with Textor be approved by the Premier League, it would pave the way for Palace, the 2024-25 FA Cup winners, to play in next season's UEFA Europa League..."
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