New York Jets owner Woody Johnson is finally set to get his hands on an English soccer team. Premier League side Crystal Palace says Johnson has signed “a legally binding contract” to buy the shares of fellow American John Textor.

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

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: