2/13/16

Big investors eye stake in David Beckham's MLS team

david beckham la galaxy
wikipedia.org
David Beckham still plans to be the face of the proposed Miami Major League Soccer team, but he might not wind up being the majority owner. Becks has spent the past six months in search of equity partners to help raise the estimated $300 million that it will cost to build a new stadium in Miami, and sign high-quality players.

Those interested in investing include Chelsea F.C. owner Roman Abramovich, a Chinese group, and Qatar Sports Investments, which already owns Paris Saint-Germain, reports the Miami Herald.

David Beckham was given a low-cost option to buy an MLS team as part of the contract he signed with the L.A. Galaxy in 2007. The MLS announced that the English superstar would exercise the option in February 2014, but the group of investors that he leads has run into numerous problems trying to build a stadium in Miami.

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