Tranmere Rovers Johnson was a
Liverpool F.C. supporter from boyhood, and a former shareholder. In 1987, Johnson was approached by local football club
Tranmere Rovers, to take over running of the club and restore stability, after
American Bruce Osterman ran up large debts, and were in danger of losing their league status and potentially going out of business. Johnson took control of the then Fourth Division (fourth tier) club, and they rose to the Third Division in 1989 and then the Second Division in 1991. With Tranmere in the second tier of the English league for the first time since the 1930s, he then also oversaw the signing of former Liverpool striker
John Aldridge. Tranmere qualified for the new Division One playoffs three seasons running in the 1990s, but failed to win promotion to the
FA Premier League. Johnson oversaw the conversion of
Prenton Park into an all-seater stadium holding more than 16,000 fans by the mid 1990s.
Everton Johnson also had a spell as chairman at
Everton, which lasted for four years. After Everton avoided
relegation in 1994, Johnson agreed to inject £10 million via a
rights issue into Everton, as advised by NM Rothschild from a
Jersey based family trust. His ownership of Everton saw the club win the
FA Cup in 1995 and finish sixth in Premier League a year later, as well as making expensive signings including
Andrei Kanchelskis and
Gary Speed, but they also came close to being relegated in 1998.
The Football Association ruled that one person could not own a controlling interest in more than one club. In accordance with this, Johnson agreed to sell shares in one club by 1998, and resultantly appointed his then girlfriend
Lorraine Rogers to look after his interests at Tranmere. It was believed that Johnson would sell his shares in Tranmere, and it was speculated by the press on more than one occasion that he had. On
Christmas Eve 1999, Everton Chairman
Bill Kenwright struck a deal ahead of other consortia, including one headed by Johnson's rival meat-seller Gerry White, to buy Johnson's 68% controlling stake in Everton for £20 million – thus valuing the club at £30 million.
Refocus on Tranmere Upon his return, Johnson had returned to Tranmere as President and installed Rogers as chairman. In 2000, the team went on a high-profile cup run, beating several Premier League clubs as they reached their first major cup final - the
League Cup final - where they met
Leicester City F.C. and lost 2–1. However, they were relegated the following season. Johnson had the club up for sale since 2002. In summer 2006, Tranmere revealed accounts which showed the club owed Johnson £6 million, and had plans to sell-off their second training ground at Ingleborough Road as a residential development. In August 2009 when it was revealed that Johnson's football club Tranmere Rovers had been put up for sale on
eBay. Johnson had hired Dornoch Capital, a specialist in selling sports franchises, to sell his shareholding. The listing was removed immediately following a public outcry. A controlling interest in the club was sold to
Mark Palios and his wife on 11 August 2014, who became the club's new owners. ==Death==