David Beckham picks Miami to build his new Major League Soccer franchise - reports
Recently-retired Beckham is believed to have decided on Miami although a deal is yet to be agreed
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.David Beckham has selected Miami as the city where he intends to set up a Major League Soccer franchise, Press Association Sport understands.
While a deal to complete Beckham's move into ownership is yet to be agreed, it is understood the former England captain has pin-pointed Miami as his final choice.
Beckham has an option to buy a franchise for 25million US dollars, although he faces strong competition from around the world if he is to realise his ambition to own an MLS club.
More than 12 investor groups have already registered their interest in buying an expansion team.
Beckham would, seemingly, have the jump on those after his initial deal with Los Angeles Galaxy, when he signed as a player in 2007, included an agreement that would enable him to one day purchase a franchise.
It is understood that should Beckham win the race to set up a team in Miami that he would then look to sell it to potential investors for almost treble the discounted 25million US dollars buying price.
That figures represents a quarter of the price Manchester City paid, in partnership with the New York Yankees, to to launch New York City FC from 2015.
Florida is seen as an untapped market in the United States with no top-flight team having operated out of the southern state since 2001, when the Miami Fusion and Tampa Bay Mutiny last operated.
Beckham has been expected to launch an MLS franchise since ending his five-year stay at LA Galaxy last December.
The 38-year-old then retired from the game completely, following a brief stint at Paris St Germain, at the end of last season and was reportedly in the US earlier this year to size up potential location.
At present the MLS consists of 19 franchises, but expansion plans hope to increase that number to 24 by the 2020 season.
PA
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments