The New York Red Bulls are an American professional soccer club based in the New York metropolitan area. The Red Bulls compete in Major League Soccer (MLS) as a member of the Eastern Conference. The club was established in October 1994 and began play in the league's inaugural season in 1996 as the New York/New Jersey MetroStars. In 2006, the team was sold to Red Bull GmbH and re-branded as part of the company's global network of soccer clubs, hence its current name. The Red Bulls have played their home matches at Red Bull Arena in Harrison, New Jersey since 2010, having previously played at Giants Stadium. The club is one of two teams in MLS based in the New York metropolitan region along with New York City FC, which entered the league in 2015. The two teams compete against each other in the Hudson River Derby.