There is a new team using the Cosmos name

Since the original New York Cosmos club stopped competing in 1985, there have been frequent attempts to revive it. With the rise of Major League Soccer (MLS), various New York area entities including past and present owners of the New York Red Bulls lobbied Peppe Pinton for the acquisition of the Cosmos name. Pinton refused to allow an MLS team to use it, believing that the league would not acknowledge the Cosmos' legacy. However, when old NASL names such as the San Jose Earthquakes, Seattle Sounders, Portland Timbers and Vancouver Whitecaps were revived as MLS franchises, he reconsidered. He sold the Cosmos name and brand to English businessman Paul Kemsley in 2009, whose group fronted by Pele and including many well known soccer figures, announced a new team with the Cosmos' name in August 2010. The new Cosmos initially attempted to become an MLS expansion franchise, but in 2012 joined the new second tier incarnation of the North American Soccer League, which began play in Autumn of 2013.