MetLife Stadium is jointly owned and operated through a fifty-fifty corporate partnership between the two tenant franchises, the New York Giants and the New York Jets, operating under the corporate entity MetLife Stadium Company. While the land underneath the complex in East Rutherford, New Jersey, is leased from the New Jersey Sports and Exposition Authority, the construction of the multi-billion-dollar facility was privately funded equally by both teams. This unique joint-venture model makes them equal partners in managing stadium revenues, scheduling events, and overseeing the operational decisions of the largest venue capacity in the league.