New York Jets owner Woody Johnson is set to acquire John Textor's 43% stake in Crystal Palace, a deal valued between $220 million and $260 million. This acquisition, pending Premier League approval, resolves potential UEFA multi-club ownership conflicts arising from Textor's stake in Lyon.

Robert “Woody” Johnson IV, the co-owner of the New York Jets and a former American ambassador to the UK, has agreed to buy a significant stake in Crystal Palace, the most recent FA Cup champion.

New York Jets owner Woody Johnson is adding to his professional sports team portfolio. Johnson has been an owner of the Jets since purchasing the team in 2000 for $635 million. He has been with the team since -- aside from a stint as U.