New group acquires Cosmos name

Updated: August 5, 2010, 7:19 PM ET
ESPN.com news services

NEW YORK -- A new group has acquired the name of the old Cosmos soccer team of the North American Soccer League and made Pele its honorary president.

The group -- led by Paul Kemsley, an English real estate developer who was formerly an official with the Tottenham Hotspurs of the Premier League -- announced on Sunday that it has acquired the Copa NYC community soccer tournament in Queens and said its priority is to re-establish the Cosmos as "a part of Major League Soccer."

The Cosmos had Pele, Franz Beckenbauer, Giorgio Chinaglia and Carlos Alberto in their most popular years but folded in 1985, a year after the NASL.

MLS commissioner Don Garber said a goal of his league is to have a second team in the New York area to form a rivalry with the Red Bulls, who play in New Jersey. Garber has reportedly held talks with the Wilpon family, owner of baseball's New York Mets.

Information from The Associated Press was used in this report.

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