Crystal Palace confirmed Thursday that New York Jets proprietor Woody Johnson’s buy of Eagle Soccer’s shareholding within the Premier League membership has been accomplished.
“I’m honored and privileged to be becoming a member of the possession group of Crystal Palace Soccer Membership,” Johnson instructed the membership web site.
Palace introduced final month that Johnson had signed “a legally binding contract” to purchase the shares of fellow American John Textor, who had a 43% stake within the London membership, with experiences on the time putting the value between $220 million and $260 million.
The most recent membership assertion gave no monetary particulars.
Johnson joins chairman Steve Parish, Josh Harris and David Blitzer as a associate and director of the membership, and has additionally signed the Premier League’s House owners’ Constitution.
“It is a company with a proud historical past, custom, and deep roots in English soccer in South London, which I got here to admire throughout my time as US Ambassador to the UK,” Johnson mentioned.
Palace completed twelfth final season within the 20-team Premier League.
Johnson’s arrival at Palace comes with the membership in dispute with UEFA over which European competitors it can play in subsequent season after profitable the FA Cup in Could — its first main trophy in 120 years of existence.
Palace was demoted from the Europa League to the Convention League after falling foul of UEFA’s guidelines governing multi-club possession, however has submitted an enchantment to the Court docket of Arbitration for Sport.
UEFA decided that as of March 1, Textor had management or affect in Palace and French membership Lyon.
Textor mentioned he had agreed to promote his stake in Palace to Johnson, however the transfer got here too late to fulfill UEFA.
Reporting by The Related Press.
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