Giants Staium, frequently referred to as The Meadowlands, is the home stadium for the defending Super Bowl Champion New York Giants and New York Jets football teams of the NFL, and the New York Red Bulls soccer team of MLS. It is located in East Rutherford, New Jersey, a suburb of Newark in the Meadowlands Sports Complex, which also hosts the Meadowlands Racetrack and the Izod Center (known as the Continental Airlines Arena until October 2007). Maximum seating capacity is 80,242, making it the second-largest NFL stadium behind FedEx Field. It is also the ninth-oldest stadium used by an NFL team. The stadium was one of the two U.S. sites for Live Earth 2007. Giants Stadium will be closed and demolished in 2010 when the New Meadowlands Stadium opens.