Yankees Global Enterprises, the parent company of the New York Yankees, has teamed with the Manchester City Football Club of the English Premier League to bring a new Major League Soccer team to New York. The team will be known as the New York Football Club and will begin action in 2015 MLS season. The New York Times reported that the Yankees have invested as much as $25 million toward the $100 million purchase price.
Manchester City is owned by an investment group led by Sheik Mansour bin Zayed al-Nahyan, a member of the royal family of Abu Dhabi. That group has been working with MLS for several years to launch a new New York franchise. The New York Red Bulls play in Harrison, New Jersey.
The Yankees’ involvement in the Manchester City bid came together quickly in the past several weeks. The two sides know each other well as the Yankees’ Legends Hospitality provides services at Manchester City’s home stadium. As Howard Megdal reported for Sports On Earth, the New York Mets were once considered by MLS as the group that would team with a partner for a new New York pro soccer team. The Mets’ financial difficulties made that impossible, which opened the door for the Yankees. Read the rest of this entry »