There is a line in the hit song "Money" by Pink Floyd that says, "New car, caviar, four four-star daydream, think I'll buy me a football team." New York Jets Owner Woody Johnson can certainly relate, but it appears that one football club is not enough for him. Foxsports.com is reporting that a group including Johnson has launched a bid to purchase English Premier League soccer team Crystal Palace.
If the bid is successful, Johnson would join a growing group of American businessmen who own stakes in soccer clubs in England's top league. The licensing and merchandising rights deals for English soccer are worth billions of dollars per year, and numbers like that always attract American investors. That explains why Johnson isn't alone in the bidding. He's competing against another group that includes NBA All-Star Jimmy Butler.
