New York Jets co-owner Robert Wood "Woody" Johnson has completed his purchase of Eagle Football Holdings' stake in Crystal Palace, the Premier League club said late on Thursday.
Johnson had signed a legally binding agreement to buy the stake on June 23rd, subject to approval. British media had reported the deal to be worth close to £190 million ($256.37m), with Johnson purchasing a 43 per cent stake in Palace.
Johnson, former US Ambassador to the UK, joins chairman Steve Parish, Josh Harris and David Blitzer as a partner and director of Palace.
"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," Johnson said in a statement.
"...I look forward to working with him (Parish) and the entire ownership group to build on the club's recent successes and help shape an exciting future for Crystal Palace."