New York Jets co-owner Woody Johnson has reached an agreement with John Textor to buy his shares in Crystal Palace, talkSPORT understands.
The deal for Textor’s 43 per cent stake, worth in excess of £171million [€200m], is subject to Premier League approval.
UEFA are now expected to ratify FA Cup winners Palace‘s participation in the Europa League by the end of this month.
The Eagles had been in danger of being dumped out of Europe’s second-tier competition due to UEFA’s multi-club ownership rules.
That is because Textor also controls Ligue 1 giants Lyon, who will also be plying their trade in the Europa League in the 2025/26 season.
Textor became involved in Palace in August 2021, where he invested £86million for 43 per cent of the ownership of the club.
For Jets co-owner Johnson, it will be his first step into football having previously made a £2billion bid to buy Chelsea in 2022.
Though Johnson, who is worth a reported £2.4bn, later withdrew from the bidding process.
More to follow…
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