NYCFC Announces Tim Pernetti as Chief Business Officer

Major League Soccer’s prized twentieth club, New York City FC, is keeping busy before their 2015 season debut.  According to the Club’s website, former Rutgers University Athletic Director Tim Pernetti has been brought on to be the club’s Chief Business Officer.  Pernetti’s role will be to “oversee all business operations for the club.”

Pernetti was the Athletic Director for four years at Rutgers where he aided in moving Rutgers athletics to the Big Ten Conference and was responsible for total revenue of more than $120 million.  Pernetti said of his new position,

I feel truly privileged to have been appointed to this position and to play a key role in building this Club from its infancy.  I relish the opportunity to be part of a global organization, and also to use my experience to create a first class Club for New Yorkers and one in which they will always have a voice.  This is a tremendously exciting time for all involved and interested in soccer in New York and beyond.

This news comes less than two weeks after rumors that the New York Yankees and Manchester City FC have identified a nine acre plot of land south of Yankee Stadium in the Bronx as a potential site for the stadium.  Additionally The New York Times reports that the Club may also have to purchase a piece of land which is currently occupied by GAL Manufacturing Corporation, a small business which produces elevator parts.

The Club plans to build a 25,000 seat stadium easily accessible to public transportation.  Yankees president Randy Levine explained, “We’ve had preliminary discussions but we’re a long way from any decision.  We’re also considering sites in Queens and Brooklyn.”

Reporting on the business side of the world's game.