Beckham on verge of becoming an owner
It appears the American soccer organization is preparing to announce an agreement with an ownership group, led by Beckham, to form a first-division team in Miami.
As part of his high-profile move to the LA Galaxy, his contract with MLS included a clause that would allow him to form a soccer team and join the league at a heavily discounted rate. As it stands, prospective soccer team owners must pay an entrance fee of $150 million for the right to join MLS. Per his contract, Beckham has the right to start a team (anywhere but New York City) and join the league for only $25 million.
He had selected Miami as the site for his franchise years ago, but has struggled mightily to find a suitable plot of land to build an arena. It appears he has finally found land just outside of Miami’s city limits, and looks begin construction on an arena soon – though there appears to be concerns about the location from some of his partners.