On Monday, Premier League side Crystal Palace announced that New York Jets owner Woody Johnson signed “a legally binding contract” to buy Textor’s shares. Textor has a 43% stake in the London club. Reports have placed the price between $220 million and $260 million. Two weeks ago, Lyon received a much-needed cash injection by selling coveted playmaker Rayan Cherki for 36 million euros. But the club has been under growing pressure. Two years ago, the DNCG decided to monitor the club’s transfer activities, saying its moves on the market would be limited under “a framework for wage costs and transfer indemnities.” Lyon won its seven league titles from 2002-08 and reached the Champions League semifinals in 2020. Lyon narrowly lost to Manchester United in the Europa League quarterfinals and missed out on a cash windfall when it failed to qualify for next season’s Champions League after finishing sixth in Ligue 1.