CFG Stadium Group LLC

City Football Group (CFG), the Abu Dhabi-controlled company that owns Manchester City and launched the new professional club New York City FC, is the latest “expansion franchise” to compete in Major League Soccer. CFG hopes it can bring the expertise it has learnt from backing a Premier League-winning team in England to the US, and to a sport that continues to lag domestic rivals such as baseball and basketball. It has pledged to build its own stadium for NYCFC but, for now, the team is in temporary digs at Yankee Stadium (the New York Yankees own 20 per cent of the new franchise).