It has been confirmed that David Beckham is to own a new MLS franchise in Miami.
The former Manchester United and Real Madrid midfielder retired from football at the end of last season following a short stint with Paris Saint-Germain.
Beckham spent five years with MLS outfit with LA Galaxy between 2007 and 2012, with an option to purchase a franchise believed to have been included in his contract with the American league.
He is the first former professional sportsman to take ownership of a side in MLS.
"We appreciate all that David has done as a player, an ambassador and as a global icon to help grow Major League Soccer," MLS commissioner Don Garber said.
"We are thrilled that he will be an owner, and we look forward to him helping us achieve our goal of being one of the top soccer leagues in the world."
When asked why he had chosen Miami as the base for his MLS outfit, Beckham said: "Why not?
"All joking aside, for me I wanted to create a team that we can start from scratch. I know there was a team here 10 years ago and, unfortunately, they folded.
"I wanted to create a team that can be very personal. It's a big decision, but it's a very personal one. I want to make this my team.
"I've worked hard through my whole career, and I'm going to work hard for this city.
"I'm looking forward to spending a lot more time here."
Miami-Dade County mayor Carlos A. Jimenez confirmed discussions had begun with a view to identifying a site for a new stadium for the franchise, and Beckham added that the project would require no public funding.
"We don't want public funding," he added. "We will fund the stadium ourselves. It's something we have worked very hard to get to this stage where we can fund the stadium ourselves.
"We want to create a stadium, a soccer team, a football club that is the people's football club.
"This is an exciting time for myself, my family, friends and partners and something that we're really looking forward to bringing to Miami."
Asked what calibre of player fans of the new team could expect to be watching, Beckham hinted: "We will want to bring some of the best players to Miami to play for this team. I have seen what happens when you bring great players in.
"Yes, we will bring great players in. The fortunate thing about my career is players are already interested in coming to Miami.
"The one thing I want to achieve, is to set up a kids academy. We want local talent, not just great players from abroad.
"The US team - the way they have improved - has been incredible and the only way that will continue is to have good academies."
|Rodriguez´s quality ´unquestionable´ - Benitez|
|Abdennour chooses Valencia|
|Giovinco to fly to Italy despite injury|
|La Liga Review: Real Madrid, Celta notch big wins|
|Mihajlovic: I feel like I lost|
|Real Madrid 5 Real Betis 0: Rodriguez scores twice in Benitez´s first Bernabeu win|
|Balotelli has a lot of work to do, declares Bacca|
|Luis Enrique delighted with Vermaelen´s form|
|Bundesliga Review: Leverkusen no match for Muller-inspired Bayern, Frankfurt thump Stuttgart|
|Milan 2 Empoli 1: Adriano header seals first league win for Mihajlovic|
|Ligue 1 Review: Fekir hat-trick inspires Lyon, Reims take Lorient apart|
|Barcelona 1 Malaga 0: Vermaelen rewards patient champions|
|Muller denies Van Gaal contact|
|Pochettino not concerned about goalless Kane|
|Martinez hails ´immense´ Stones|
|Flores not concerned by lack of Watford goals|
|Evans completes West Brom switch|
|Howe remains upbeat despite concerning injuries|
|Rash Cattermole frustrating Advocaat|
|Bayern Munich 3 Bayer Leverkusen 0: Muller marks 200th appearance in style|
|Tottenham 0 Everton 0: Howard keeps hosts at bay|
|Sako gives Palace new dimension - Pardew|
|Rodgers rues self-inflicted Liverpool defeat|
|Villa were robbed during Sunderland draw, blasts Sherwood|
|Football League Review: Brighton move top, Orient maintain winning start|
|I wish I had a fourth substitute, says Chelsea boss Mourinho|
|Pulis hails West Brom match-winner Rondon|
|´Gladiator´ spirit is more important than anything - Ranieri|
|Bilic defends ´park the bus´ tactics after Anfield win|
|Pellegrini quiet on De Bruyne after record-breaking win|
|Hughes fumes at Stoke dismissals after West Brom loss|
|Mourinho: Chelsea did not deserve Palace defeat|
|Scottish Premiership Review: Celtic return to the summit as Hearts suffer surprise defeat|
|Liverpool 0 West Ham 3: Defensive woes return for Rodgers´ men|
|Manchester City 2 Watford 0: Sterling opens account as City become record breakers|
|Bournemouth 1 Leicester City 1: Vardy rescues a point|
|Chelsea 1 Crystal Palace 2: Late Ward winner seals dramatic victory|
|Stoke City 0 West Brom 1: Rondon gives Pulis win over nine-man hosts|
|Aston Villa 2 Sunderland 2: M´Vila and Lens secure hard-fought point|
|Blackett moves to Celtic on loan|
|McClaren laments ´harsh´ Mitrovic red|
|Wenger: Arsenal ´cautious´ in Newcastle win|
|Sevilla can mirror Atletico strengths - Simeone|
|Ibrahimovic and Di Maria in PSG squad for Monaco clash|
|Newcastle United 0 Arsenal 1: Mitrovic off as Coloccini own goal settles it|
|Barca´s Suarez ends Sevilla loan to make Villarreal switch|
|Allegri confirms imminent Coman departure|
|Garcia demands more ahead of Juve clash|
|Knee injury sidelines Ozil|
|Dortmund boost defence with Mainz´s Park|
|Ruddy hoping to impress Hodgson|
|Wolfsburg proved there is life after De Bruyne - Hecking|
|Van Gaal unsure if Romero will replace De Gea long-term|
|Dzeko wants Totti partnership at Roma|
|No excuses for City - Pellegrini|
|San Jose Earthquakes 1 LA Galaxy 0: Salinas´ header levels Cali Clasico tally|
|Koeman plays down expectations|
|Stuttgart´s Langerak suffers surgery setback|
|Rodgers hails Milner´s leadership, mentality|
|Conte hints at Giovinco recall, doesn´t rule out Balotelli|
|Martinez slams Chelsea over Stones pursuit|
|Leverkusen are title contenders - Guardiola|
|Babel in sexism controversy|
|Pellegrini prepared to wait for Otamendi|
|Sevilla v Atletico Madrid: Llorente hoping to repay faith|
|Veloso back for Portugal|
|Kranevitter joins Atletico on five-year deal|
|Maiga leaves West Ham for Al Nassr|
|Blackburn Rovers 0 Bolton Wanderers 0: Lancashire derby ends in stalemate|
|Coutinho, Rafinha called into Brazil squad|
|Guingamp 2 Marseille 0: Privat and Benezet inflict more misery on visitors|
|Wolfsburg 3 Schalke 0: Hosts canter to victory without De Bruyne|
|Villarreal 3 Espanyol 1: Soldado inspires turnaround|
|Carpi v Inter: Mancini demands full focus|
|De Bruyne set to complete City move, reveals Allofs|
|Roma v Juventus: Champions seek to bounce back|
|Motta pens new PSG deal|
|Settled Bale in the hunt for more titles at Real|
|Blind hands Robben Netherlands armband|
|Rodriguez joins Everton from River Plate Montevideo|
|Bolivia appoint Baldivieso|
|Southampton v Norwich City: Neil holds south-coast club up as inspiration|
|Monaco v Paris Saint-Germain: Rabiot wants champions to send a message|
|Barca face tough group - Luis Enrique|
|Swansea City v Manchester United: Van Gaal celebrates 50th game in charge|
|Herrera pushing for United start, says Van Gaal|
|Borussia Dortmund v Hertha Berlin: Tuchel puts perfect record on the line|
|Michu still not part of my plans if he stays – Monk|
|Hughes not expecting late transfer deals at Stoke|
|FIFA or bust in Platini´s presidency bid|
|Cuadrado struggles to explain Chelsea snub|
|Atletico seal Borre deal|
|Schalke loan Hojbjerg from Bayern|
|Sissoko in contention to face Arsenal|
|Advocaat confident of more signings, but De Guzman not among them|
|Berahino ´not just a lump of meat´ - Pulis|
|Ajax set to face Champions League quality - Van der Sar|
|Pellegrini quiet on intense De Bruyne speculation|
|Van Persie and Nani offer cause for Celtic excitement - Hawthorn|
|Lopes seals Monaco switch|
|Mourinho silent on Stones saga|
|Milan snap up Kucka|
|Can earns first Germany call-up|
|Dortmund get kind draw, Sousa takes Fiorentina back to Basel|
|Costa and Mata return for Spain qualifiers, De Gea gets the nod|
|Rodriguez omission not personal - Benitez|
|Allofs frustrated by Premier League´s financial muscle|
|Sherwood hopeful over Traore fitness|
|Leverkusen sign Kampl from Dortmund|
|Toivonen joins Sunderland on loan from Rennes|
|Markovic has Liverpool future, says Rodgers|
|Martinez insists Stones in perfect environment at Everton|
|Tottenham wrap up Son deal|
|Schmeichel wants Real target De Gea to re-sign with United|
|Cech is one of the best - Cudicini|
|Rodwell hoping for more goals|
|Thauvin needs time to settle at Newcastle – Haidara|
|Kennedy takes blame for Celtic´s loss, stands by zonal marking|
|CONCACAF Champions League Review: Comunicaciones, Motagua off the mark|
|Rooney´s contribution undervalued - Schmeichel|
|Jedinak ruled out as Socceroos make changes|
|Sampdoria not a ´discount store´ - president Ferrero|
|Montolivo: No issue with Mihajlovic|
|Gilardino signs for Palermo|
|Chelsea target ´China´s Sergio Ramos´|
|Striker search like looking for love - Pochettino|
|Hecking ´sick´ of De Bruyne talk|
|Deschamps calls up Martial, leaves out Sakho|
|´The only thing they can is long balls´ - Midtjylland´s skipper slams Southampton|
|UEFA Europa League Review: Reus leads Dortmund rout, AZ complete late comeback|
|Messi should win Ballon d´Or - Bartomeu|
|Koeman rues refereeing decisions after Europa League defeat|