New York Jets owner Woody Johnson has agreed to purchase a stake in Crystal Palace from American businessman John Textor, the English Premier League soccer franchise announced Monday.

Woody Johnson is in the football ownership business once again. In addition to owning the New York Jets, Johnson has agreed on a £190 million deal ($254 million) to buy a 43 percent stake in London's Crystal Palace Football Club. Crystal Palace, who compete in the English Premier League, announced the update on Monday:

Woody Johnson is buying a stake in Crystal Palace, adding the Premier League club to the New York Jets owner's portfolio.