What is the relationship between Major League Soccer and New York City FC in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

The Premier League club, which begins its season in England later in August, also owns a majority share of United States Major League Soccer team New York City FC and a 20 per cent stake in Japanese club Yokohama, majority owned by car company Nissan – a sponsor of City's teams around the world.

Answer: subsidiary