MetLife Stadium is owned by the New Meadowlands Stadium Company, a 50/50 joint venture between the two NFL teams that call it home: the New York Giants and the New York Jets. The stadium is built on land leased from the New Jersey Sports and Exposition Authority (NJSEA), which holds the land lease for the Meadowlands Sports Complex where the stadium is located. The two teams privately financed the stadium's $1.6 billion construction cost and jointly operate it through this company partnership.
The naming rights are held by the New York-based insurance company MetLife, which purchased these rights for 25 years starting in 2011, but the ownership of the stadium structure itself resides with the Giants and Jets partnership.
In summary:
- Ownership: Joint venture between the New York Giants and New York Jets (New Meadowlands Stadium Company)
- Land lease: Held by New Jersey Sports and Exposition Authority (NJSEA)
- Naming rights: MetLife insurance company (25-year agreement).
This stadium arrangement is unique as it is one of the few NFL stadiums shared by two teams.
