Woody Johnson has finalized his purchase of a 43% ownership stake in Crystal Palace F.C. from Eagle Football Group for $254 million. Johnson expressed his honor in joining the club and admiration for its history and fanbase. He has signed the Premier League's Owners' Charter and will collaborate with existing owners to further the club's success. Crystal Palace is currently dealing with a UEFA demotion issue due to conflicting ownership interests with John Textor's Eagle Football, which holds a majority stake.
"I am honored and privileged to be joining the ownership group of Crystal Palace Football Club. It is an organization 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," Johnson said in an official statement.
"I have great respect for Steve Parish and the leadership he has provided over the years," Johnson said. "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."
"At this exciting time for Crystal Palace, we are delighted to be welcoming Woody to the ownership of the Football Club, and we very much look forward to working alongside him to build on our historic recent success moving forwards," said Steve Parish in an official statement.
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