Club president Goksel Gumusdag said in a statement: "Istanbul Basaksehir FK has achieved many firsts in Turkish football despite its young age and today, with this collaboration with the leading football group in the world, it marks another milestone for Istanbul Basaksehir and Turkish football,” Gumusdag said.
"From the very beginning, we have reiterated at every opportunity that our vision and goals are different and today underlines this expression again. We are very happy, proud and excited.
"I would like to thank all the people in City Football Group for their approach and support in the process. I hope it will be beneficial for Basaksehir FK and Turkish football.”