June 23 (UPI) -- New York Jets owner Woody Johnson has agreed to purchase a stake in Crystal Palace from American businessman John Textor, the English Premier League soccer franchise announced Monday.
Johnson, a former U.S. ambassador to Britain from 2017 to 2021, is purchasing a 43% stake from Textor for $254 million, ESPN reported.
"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," Crystal Palace said in a statement. "We would like to go on record to thank John Textor for his contribution over the past four years and wish him every success for the future."
Media outlets reported earlier this month that Johnson was in talks for the ownership stake in the franchise.
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