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Palace hopes rise as deal moves closer
The Guardian
|June 20, 2025
The New York Jets owner, Woody Johnson, is closing on a deal to buy John Textor's shares in Crystal Palace in a move that could help the FA Cup winners' chances of playing in next season's Europa League.
Johnson, who has owned the Jets since 2000, offered £190m for the 44.9% stake in the club last week, while Textor is believed to have received two similar bids from separate investors in recent days.
Despite being significantly below his valuation of about £240m, Textor is edging towards concluding a deal with Johnson and is said to be ready to move on to invest in another club in English football after accepting defeat in his boardroom battle with the club's chair, Steve Parish.
This story is from the June 20, 2025 edition of The Guardian.
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