Jets ownership now in new hands as Woody Johnson makes headlines following handshake deal worth $989 Million prior intensions to…
In a groundbreaking move, New York Jets owner Woody Johnson has officially sold a substantial stake in the team following a handshake deal valued at an estimated $989 million. The transaction, which marks the conclusion of Johnson’s active role in the franchise, comes as the billionaire businessman shifts his focus toward further political aspirations.
Johnson, who took ownership of the Jets in 2000, has made headlines over the years not only for his role with the team but also for his significant political involvement. He served as the U.S. Ambassador to the United Kingdom under the Trump administration and has remained deeply engaged in political circles.
Sources close to the deal indicate that Johnson’s decision to sell a majority of his stake in the Jets is a result of his desire to dedicate more time to his political career. With potential future campaigns on the horizon, including speculation about a possible run for a prominent public office, Johnson has made it clear that he intends to prioritize these ambitions over football operations.
While the buyer’s identity remains undisclosed, industry insiders suggest that the deal was carefully negotiated to ensure continuity in the team’s leadership and operations. The transition is expected to have minimal impact on the Jets’ day-to-day activities, as the new owners are expected to maintain the current management structure.
This sale marks the end of a notable era for the Jets, with Johnson’s ownership period being marked by both highs and lows. His tenure included playoff appearances, but also a series of rebuilding years and high-profile coaching changes. Fans will be watching closely to see how this change in ownership impacts the team moving forward.
The handshake deal, while officially still pending final formalities, signals a new chapter for both the New York Jets and Woody Johnson’s evolving political journey.
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