Johnson completes purchase of stake in Crystal Palace

Crystal Palace have confirmed that New York Jets owner Woody Johnson has completed his purchase of John Textor's 43% stake in the club.

Johnson has bought the shareholding of Eagle Football Holdings - the multi-club company owned by Textor - in a deal believed to be worth close to £190m.

The 78-year-old American has signed the Premier League's owners' charter after joining chairman Steve Parish, Josh Harris and David Blitzer as a partner and director of Crystal Palace.

"I am honoured and privileged to be joining the ownership group of Crystal Palace Football Club," Johnson told the club's official website.

"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 US 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."

Parish added: "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."

More to follow.