Who Owns The New York Jets?
So, who owns the New York Jets? The current principal owner of the franchise is Christopher Johnson, who took over control of the team after his brother Woody Johnson was appointed United States Ambassador to the United Kingdom by President Donald Trump in 2017.
Christopher Johnson is the Chairman and CEO of The Johnson Company, a private investment company, and he also serves as the Chairman and CEO of the New York Jets. The family purchased the team in 2000 for $635 Million dollars.
The Jets are one of the most valuable sports franchises in the world, with an estimated value of $5.4 billion, according to Forbes. This ranks them as the 7th most valuable team in the National Football League (NFL).
About The New York Jets Franchise
The New York Jets are a professional American football team based in East Rutherford, New Jersey. They compete in the National Football League (NFL) as a member club of the league’s American Football Conference (AFC) East division. The team is headquartered in Florham Park, New Jersey. In a unique arrangement for the league, the Jets share MetLife Stadium in East Rutherford with the New York Giants. The franchise is legally and corporately registered as New York Jets, LLC.
The team was founded in 1959 as the Titans of New York, an original American Football League member (AFL) member; later, the franchise joined the NFL in the AFL–NFL merger in 1970. The team began to play in 1960 at the Polo Grounds. Under new ownership, the current name was adopted in 1963, and the franchise moved to Shea Stadium in 1964 and then to the Meadowlands Sports Complex in 1984.
Since 1968, the Jets have appeared in the playoffs 13 times, and in the AFC Championship Game four times, most recently losing to the Pittsburgh Steelers in 2010. Their lone Super Bowl win came in Super Bowl III when they defeated the Baltimore Colts, becoming the first AFL team to win the big game after the merger. This gave legitimacy to the league and is known as one of the biggest upsets in Super Bowl history.