Utilize the input text as a context reference, choose the right relationship between Major League Soccer and New York City FC from the options. Options: 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