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minority investment · England · Premier League

Crystal Palace FC

Woody Johnson investment · 23 Jun 2025

Buyer
Woody Johnson
Seller
Eagle Football Holdings
Stake acquired
42.9%
Control
No
Reported consideration
~€222m
Implied equity value
€518m
League
Premier League
Country
England
Confidence
MEDIUM

Buyer profile: Woody Johnson: clubs owned, where they buy next

Transaction overview

Woody Johnson acquired 42.9% of Crystal Palace FC from Eagle Football Holdings, announced 23 Jun 2025, closing 24 Jul 2025.

Reported consideration was ~€222m. That implies a 100% equity value of €518m (calculated by us). Reporting placed the club's value at ~€585m.

Nearest pre-acquisition revenue was €222m (FY 2023/24), an equity value / revenue multiple of 2.34x.

Announced
23 Jun 2025
Closed
24 Jul 2025
Stake after transaction
42.9%
Status
completed
Valuation

Reported consideration

What the buyer reportedly paid for the stake

REPORTED

Implied 100% equity value

Calculated: consideration ÷ stake acquired

CALCULATED

Reported club valuation

REPORTED

Enterprise value

Only shown when debt/cash near the transaction date is established

UNAVAILABLE

Debt assumed / restructured

UNAVAILABLE

Primary capital injection

UNAVAILABLE

Total announced investment commitment

Commitments are not purchase price and not valuation

UNAVAILABLE
Equity value / revenue:
CALCULATED
Club at acquisition

Nearest pre-acquisition financial year: 2023/24

Revenue

FILED

Wages

FILED

EBITDA

UNAVAILABLE

Net debt

UNAVAILABLE

Net income

FILED
Analyst noteWhat is known, what is uncertain, and how figures were derived

Secondary sale of a non-controlling block: on 22-23 June 2025 Woody Johnson signed a binding contract to buy Eagle Football Holdings' entire holding in CPFC 2010 Ltd, confirmed by the club (s1); the Premier League approved a 42.92% acquisition on 24 July 2025 after an expedited Owners' and Directors' Test and the club confirmed completion the same day (s2, s3).

Sources (15)
  1. 2025-06-23 — “Club confirms Robert Wood 'Woody' Johnson 'has signed a legally binding contract to purchase Eagle Football's holding in the Club', completion pending Premier League and WSL approval; thanks John Textor for 'his contribution over the past four years'. No financial terms.”

  2. 2025-07-24 — “Purchase of Eagle Football's shareholding 'has now been completed'. Johnson 'joins Chairman Steve Parish, Josh Harris, David Blitzer as a partner and director of the club' and has signed the Premier League Owners' Charter. No financial terms.”

  3. 2025-07-24 — “'The Premier League Board has approved Woody Johnson's 42.92 per cent acquisition of Crystal Palace FC following the completion of the League's Owners' and Directors' Test'; ratified by an Independent Oversight Panel.”

  4. 2025-06-23 — “Johnson signed a binding contract to buy Textor's 43% stake 'in a deal believed to be worth close to £190m'. Eagle 'bought a stake in Palace in 2021 for around £90m'. Johnson's ability to transfer funds quickly favoured his offer over two other interested parties, given the UEFA predicament.”

  5. 2025-07-24 — “Completion of purchase of Textor's 43% stake, 'a deal believed to be worth close to £190m'. Palace appealing UEFA's Europa League demotion at CAS; Textor 'bought a stake in the club in 2021 but ends his association with Palace'.”

  6. 2025-07-24 — “Premier League approved purchase of a 42.92 per cent stake from Eagle Football Holdings; ODT completed faster than the usual two months given Johnson's 25 years as Jets owner. 'Textor only had a minimal input in any case, with Parish remaining executive chairman'; Johnson likely to contribute to Selhurst Park redevelopment funding.”

  7. 2025-06-23 — “'Johnson's offer of £190m for Textor's 44.9% stake was signed on Sunday evening in the US' (22 June). Note: the 44.9% figure conflicts with the Premier League's 42.92%; league figure used.”

  8. 2025-06-23 — “'Johnson is set to pay about $215 million to Textor, who owns a more than 40% stake in the team via Eagle, people familiar with the matter have said.' Conflicts with the £190m (c.$254m) UK reporting.”

  9. 2025-06-23 — “'Johnson is understood to have paid about £200 million to buy the 42.9 per cent of the club previously owned by US investor Textor'; deal 'values Palace at about £500 million'. Textor 'had neglected to place his shares in Ligue 1 Lyon in a blind trust by the early March deadline'.”

  10. 2025-07-11 — “UEFA CFCB demoted Palace to the Conference League: 'Textor's Eagle Football owns a 43% stake in Palace and a 77% stake in Lyon'; 1 March 2025 compliance deadline missed; Palace argued Textor 'does not hold any decisive influence at the club', which UEFA rejected. Lyon took the Europa League place on higher league finish (6th vs 12th).”

  11. 2025-05-08 — “From the 2023/24 accounts: revenue up £10m (6%) from £180m to a club-record £190m (broadcasting £145m, commercial £31m, match day £13.8m); wages £134m; player amortisation £46m; pre-tax loss widened from £28m to £33m; net interest payable £14m.”

  12. 2025-04-11 — “Accounts 'released at companies house': record turnover £190m; operating expenses £213m; loss before tax £35.6m; football creditors £66.5m owed to other clubs at 30 June 2024; players' wages £101.8m; interest and similar expenses £15m.”

  13. 2025-04-02 — “Filing history shows 'Group of companies' accounts made up to 30 June 2024' (34 pages, filed 2 Apr 2025), accounts to 30 June 2025 (filed 26 Apr 2026), and the appointment of Robert Wood Johnson as a director plus a new charge registered 4 Aug 2025. Index page verified; PDF figures relied on via s11/s12 transcriptions.”

  14. 2025-04-30 — “Turnover £190m; pre-tax loss £36m; 'total outstanding loans of 92 million, including 12 million from shareholders and related parties'; transfer-related debt £65m; £39m share issue in the year, £156m equity raised over three seasons; 'No single figure holds a majority stake.'”

  15. 2025-08-11 — “CAS dismissed Palace's appeal against UEFA, Nottingham Forest and Olympique Lyonnais; Panel found Textor 'had shares in CPFC and OL and was a Board member with decisive influence over both clubs' at UEFA's 1 March 2025 assessment date. Palace admitted to the 2025/26 Conference League.”

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