Joint venture with Manchester City and the Yankees.
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New York–area fans already have a bunch of sports franchises to root for, but soon they'll have another professional team to get behind. In 2015 the Big Apple will add a Major League Soccer squad to the roster. The New York City Football Club will be a joint venture between Manchester City, which is fronting about $100 million for the expansion team, and the Yankees, which will own about 25 percent of the squad. The team is still looking for a home and will likely play its first season at Yankee Stadium. Manchester officials are hoping to build an arena in Flushing Meadows in Queens.