MetLife Stadium is owned and operated by a joint venture company formed by the New York Giants and the New York Jets, who each effectively control 50% through MetLife Stadium Company/New Meadowlands Stadium Company, LLC, under arrangements with New Jersey’s Sports and Exposition Authority.

Who actually “owns” MetLife Stadium?

  • On paper, the land and broader sports complex are tied to the New Jersey Sports and Exposition Authority, a state-related entity.
  • In practice, the stadium itself was privately financed and is controlled by a joint venture of the Giants and Jets, who created MetLife Stadium Company (also referred to as New Meadowlands Stadium Company, LLC) to build, manage, and operate it.
  • Each team contributed roughly half of the approximately 1.6 billion dollar construction cost, giving them equal control in the venture.

Giants vs. Jets: who’s in charge?

  • Neither team “owns” the stadium outright; instead, they share ownership and governance through the 50/50 joint venture company.
  • Revenue from each team’s home games goes to that team, while income from non-NFL events (concerts, soccer, etc.) is split under the operating company’s structure.
  • The teams lease the land from the state authority under a long-term lease, with options to extend for many decades, which is why ownership is sometimes described as both “state-owned” and “team-controlled.”

Naming rights and branding

  • The building opened in 2010 as New Meadowlands Stadium before New York–based insurer MetLife bought long-term naming rights, giving it the current name “MetLife Stadium.”
  • MetLife’s role is as naming-rights sponsor, not as an equity owner; it does not control the stadium in the way the Giants and Jets do through their joint company.

TL;DR: When people ask “who owns MetLife Stadium,” the most accurate short answer today is: it is jointly owned and operated by the New York Giants and New York Jets through MetLife Stadium Company/New Meadowlands Stadium Company, LLC, under a long-term lease from New Jersey’s Sports and Exposition Authority.

Information gathered from public forums or data available on the internet and portrayed here.