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Manchester City buys New York soccer club

The former English champion club Manchester City has announced it will be joining forces with the Major League Baseball franchise to acquire the New York City Football Club - America’s 20th club. Man City confirmed yesterday that it had signed an agreement with the New York Yankees allowing the club to form a new team in Major League Soccer.

The cost of the club’s majority purchase of the Major League Soccer franchise has not been disclosed, but reports have suggested the deal cost around £66 million. The new football team, named New York City Football Club, will become the 20th MLS club in the States and is expected to start playing in 2015.New York Yankees

"We proudly welcome two of the most prestigious professional global sports organizations to Major League Soccer," said Don Garber, MLS commissioner. "This is a transformational development that will elevate the league to new heights in this country. The New York area is home to more than 19 million people­, and we look forward to an intense cross-town rivalry between New York City Football Club and the New York Red Bulls that will captivate this great city."

The plans are part of chief executive Ferran Soriano’s goals to develop the team’s brand globally. However, the new New York franchise will not bear Manchester City’s name. "New York is a legendary sports town, as well as a thriving global city with a rapidly expanding soccer fan-base," said Soriano.Ferran Soriano.

"We are thrilled to contribute to the energy and growth of New York City Soccer. In the Yankees, we have found the absolute best partner for developing a world-class sports organization and a winning team that will carry the New York City Football Club name with pride." 

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