Beşiktaş have released a statement on the stock exchange confirming that Şenol Güneş has been appointed manager on a three year deal.

The statement read: “A 2+1 year agreement with Şenol Güneş has been reached.”

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Güneş will earn €1.5 million for the 2015-16 season and the same fee for the 2016-17 campaign. The former Turkish national team manager will make the same amount in his third season in charge should the Black Eagles use their option to keep him on.

The experienced coach held an eight hour meeting with the Istanbul giants board yesterday ironing out his plans for the team.

Güneş replaces Slaven Bilic who resigned from his position as Beşiktaş head coach a fortnight ago.

Bilic has been appointed manager of West Ham replacing Sam Allardyce.

Güneş was in charge of Bursaspor last season and got the Green Crocodiles to the Turkish Cup final.

The 63-year-old manager led Turkey to 3rd in the 2002 World Cup in Japan and South Korea. The experienced manager is one of the most highly rated managers in Turkish football.