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 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 adding to his pro sports portfolio. The Jets owner has agreed to buy a significant stake in the Premier League team Crystal Palace, the English soccer club announced Monday. The $254 million sale is for a 43% stake, according to ESPN.