Overview

• Woody Johnson, heir to the Johnson & Johnson fortune and owner of the New York Jets, has signed a legally binding contract to acquire John Textor’s 43 percent stake for about £190 million.
• Textor’s sale resolves a dual-ownership conflict with his Lyon stake after both clubs qualified for next season’s Europa League.
• Completion of the transaction is pending regulatory approval, a process expected to conclude within weeks.
• Existing co-owners Steve Parish, Josh Harris and David Blitzer will retain day-to-day control at Selhurst Park, with Johnson joining as a director.
• Textor plans to reinvest the proceeds into another English club through his Eagle Football Holdings portfolio.