
New York Jets owner Woody Johnson is going back across the pond for his newest investment. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Johnson, a former U.S. ambassador to the United Kingdom, has agreed to purchase a stake in English soccer club Crystal Palace from American businessman John Textor, the club announced on Monday. ESPN reported that Johnson is purchasing a 43% stake from Textor as part of a $254 million deal.
Main Idea: Woody Johnson has agreed to buy a stake in Crystal Palace, pending approval from soccer officials.
Key Points:
Woody Johnson’s new stake could tie another US owner to risks from overseas sports rules, and any loss could affect his broader business interests.
Crystal Palace’s deal may help stabilize the club and support jobs, fan activity, and related spending if the league approves it.
Rate how each entity in this article affected the American people.
The soccer club being bought; the article centers on its ownership change and future competition status.
Central figure in the deal to buy a stake in Crystal Palace and the main subject of the.
Seller of the stake and a major named participant in the ownership transaction.
Johnson is identified through his ownership of the team, which provides key context for the story.
Named member of Crystal Palace’s ownership group with a supporting role in the article.
Named co-owner in Crystal Palace’s broader ownership group.
French club tied to the multiclub ownership issue discussed in the article.
Named businessman and Crystal Palace ownership figure mentioned as part of the club’s ownership structure.
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Sign in to commentMentioned as the English club Johnson previously supported and unsuccessfully sought to buy.