Crystal Palace: Woody Johnson completes purchase of John Textor's 43% stake in club | OneFootball

John Textor is the co-owner of Eagle Football Holdings

New York Jets co-owner Woody Johnson has completed the purchase of Eagle Football Holdings' 43% stake in Crystal Palace.

Textor is co-owner of Eagle Football Holdings, who owned stakes in both Lyon and Palace as part of a multi club ownership model.

Upon Palace qualifying for the Europa League last season, UEFA ruled that Textor had decisive influence in the south London club, demoting them to the Conference League as a result of Lyon also qualifying for the Europa League.

UEFA rules state that clubs owned, to a certain threshold of influence, by the same person or entity cannot compete in the same European competition in the same season.

Textor also aimed several digs at Palace chairman Steve Parish in an interview with talkSPORT earlier this month.

78-year-old Johnson has now bought Textor’s shares, signing the Premier League’s Owners’ Charter in the process.

Johnson, former U.S. Ambassador to the UK under Donald Trump, joins Parish, Josh Harris, and David Blitzer on Palace’s board.

On completion of the deal Woody Johnson said: “I am honoured and privileged to be joining the ownership group of Crystal Palace Football Club.

"It is an organisation with a proud history, tradition, and deep roots in English football in South London, which I came to admire during my time as U.S. Ambassador to the United Kingdom.

"Eagles fans have demonstrated extraordinary loyalty, passion, and unwavering dedication and I am excited to meet and get to know them.

"I have great respect for Steve Parish and the leadership he has provided over the years. I look forward to working with him and the entire ownership group to build on the club’s recent successes and help shape an exciting future for Crystal Palace.

"This is more than an investment - it’s a commitment to realising the vision for the club, the community, and the culture around Selhurst Park.”

Chairman Steve Parish added: “At this exciting time for Crystal Palace, we are delighted to be welcoming Woody to the ownership of the Football Club.

"We very much look forward to working alongside him to build on our historic recent success moving forwards.”