http://sports.yahoo.com/blogs/socce...-yankees-partner-form-mls-club-164407419.html
After years of very publicly planning and searching for a suitable ownership group to front a second MLS team in New York, the league has found it in a partnership between Manchester City owner Sheikh Mansour of Abu Dhabi and the New York Yankees. The new team will be called New York City FC and will begin play in 2015 as the league's 20th club. It also marks the resolution of a very public spat between MLS commissioner Don Garber and Yankees president Randy Levine.
According to Reuters, Sheikh Mansour, who has pumped hundreds of millions of pounds into Premier League club Man City since buying it in 2008, will be the "majority partner" in NYCFC while the Yankees will be an "active member of the ownership group." The new MLS club required a record $100 million franchise fee.
After years of very publicly planning and searching for a suitable ownership group to front a second MLS team in New York, the league has found it in a partnership between Manchester City owner Sheikh Mansour of Abu Dhabi and the New York Yankees. The new team will be called New York City FC and will begin play in 2015 as the league's 20th club. It also marks the resolution of a very public spat between MLS commissioner Don Garber and Yankees president Randy Levine.
According to Reuters, Sheikh Mansour, who has pumped hundreds of millions of pounds into Premier League club Man City since buying it in 2008, will be the "majority partner" in NYCFC while the Yankees will be an "active member of the ownership group." The new MLS club required a record $100 million franchise fee.