Beckham planning MLS franchise in Miami
Wednesday 30 October 2013
Former England captain and Manchester United, Real Madrid and LA Galaxy midfielder David Beckham has confirmed his involvement with a proposal to set up a new Major League Soccer club in Miami, Florida, the Daily Telegraph has reported.
Beckham retired from playing at the end of the season after a short spell with Paris Saint-Germain and had been expected to get involved with MLS at the ownership level, having played more than 100 times for the Galaxy in a five-year spell at the club.
The newspaper adds that locations such as Montreal, San Diego and Orland were considered before Beckham and his team settled on Miami, pending approval from the league authorities.
As part of the contract Beckham signed with LA Galaxy in 2007 he receives a discounted rate for the new venture and will pay around £16m. By contrast, Manchester City and the New York Yankees paid closer to £60m to launch New York City FC, who will become MLS’ 20th team in 2015. Beckham’s Miami club should join the league a year later.
Beckham will seek investment to fund the set-up costs of the new club, said to be in the hundreds of millions, with a squad of players and a stadium among the expenses - although the Miami club could play in an already-built ground initially.
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