Thomson ReutersMay 21, 2013 16:15
By Simon Evans
MIAMI (Reuters) - The New York Yankees and Premier League club Manchester City have formed a Major League Soccer (MLS) team to play in New York City from 2015, aiming to win over America's largest sports market to the global game.
City, owned by Sheikh Mansour of Abu Dhabi, will be the majority partner in New York City Football Club with the biggest name in baseball, the Yankees, as a minority partner active in running the team.
The ownership group will pay a $100 million franchise fee.
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