Copied from The Telegraph.
City owner Sheikh Mansour bin Zayed al Nahyan has won the race to win the right to secure ownership of the new franchise - City will be the majority owner of the club - which is expected to start the 2015 MLS campaign.
But the club’s tie-up with the Yankees, one of the most recognisable sporting brands in the world, is likely to give City a foothold in the US sporting market and potentially boost the club’s commercial reach across the Atlantic.
“New York is a legendary sports town, as well as a thriving global city with a rapidly expanding soccer fanbase,” said City chief executive Ferran Soriano.
“We are thrilled to contribute to the energy and growth of New York City soccer.
“In the Yankees, we have found the absolute best partner for developing a world-class sports organisation and a winning team that will carry the New York City Football Club name with pride.”