After three years of discussions and negotiations, Major League Soccer Commissioner Don Garber announced on Tuesday that English Premier League powerhouse Manchester City FC and Major League Baseball’s legendary New York Yankees have teamed up to acquire MLS’s 20th expansion club.
The new team will be named New York City Football Club (NYCFC) and is expected to begin play in 2015.
The Yankees, according to the New York Times, will own about a quarter of the team. This is very much being painted as a Manchester City project, rather than a separate investor by the UAE ownership group that owns City.
The team already have a Twitter account up and running. So some questions immediately jump to mind:
What does this mean for the New York Red Bulls? Do they view this as an infringement on their NY market share, something they’ve been struggling with located as they are in New Jersey? Will they consider rebranding?
What does this mean for NASL’s NY Cosmos? Are they still holding out for a move to the big leagues? Can New York sustain three MLS teams? If not, what is the fate of Cosmos redux?
What will Man City’s strategy be in running the club? If it’s to be a mere farm team for the Premier League side, is this really the coup that Don Garber thinks it is? And how will a club with such limitless financial resources reconcile themselves with MLS’ designated player system?
Is this a good thing or bad thing for the future aspirations of Major League Soccer to be the best league in the world by 2022?