New York City Football Club will become the 20th club in MLS in 2015

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New York City Football Club will become the 20th club in MLS in 2015 after a deal worth around 100million US dollars (£66million) was concluded between Manchester City and New York Yankees.

The two clubs and MLS announced the partnership after a meeting at the league's headquarters in central New York.

City hope the arrangement will help to expand their profile in the United States, while it is also a potential extra source of income and players.

City will be the majority owner of the new venture, with the Yankees, who previously had a commercial agreement with Manchester United, being an active member of the ownership group.

The new club does not presently have a home but discussions are under way over the construction of a new stadium at Flushing Meadows in the Queens borough of the city.

They will play at a temporary location until a development is completed.

New York City will operate as a separate entity to Manchester City, although there will inevitably be close links between the teams.