New York Yankees And Manchester City To Found MLS Franchise

Manchester City have announced their purchase of a controlling stake in an MLS expansion side to be known as New York City F.C. for $100 million. City will be joined in the investment by the New York Yankees, who will own around 25%. As of yet a stadium has not been found, but the team hope to enter the MLS in 2015. Initial speculation suggested that the franchise's opening season may take place at Yankee Stadium, with Sheikh Mansour hoping to construct a permanent home stadium in Flushing Meadows-Corona Park. Man City and the Yankees already have a close relationship, with the Yankees’ stadium concessions business, Legends Hospitality, operating at the Etihad Stadium. Chelsea and City are also due to play a friendly game at Yankee stadium on Saturday.