2:15 PM ET

According to sources close to the situation, New York Jets owner Robert Woody Johnson is readying a bid for a team in the English premier league.

According to sources, Johnson has spoken to Raine Group, which is organizing the bid process, and he is vying to become the latest NFL owner to buy into the premier league.

The Jets were just awarded marketing rights to the NFL's UK International Home Marketing Areas program. New York and London are sister cities.

Johnson served as the United States ambassador to London and he is very knowledgeable about the club and the league.

While there, Johnson became a fan of the organization and its supporters, and he is aware of the important role the league plays in the United Kingdom.

The Los Angeles Rams, the San Francisco 49ers, and the Tampa Bay Buccaneers are all owned by NFL owners. The Jacksonville Jaguars owner, Shad Khan, is the owner of a club that is poised for a promotion back into the top league in England.

The decision to sell the club has been influenced by mounting pressure on the U.K. government to seize the assets of high-value Russian individuals with links to Russia President Vladimir Putin. There have always been denials of any ties to Putin.

Sources have told James Olley that the club is worth around three billion dollars. The team that won the European club title last year is in third place in the league.