BECKHAM OWNERSHIP GROUP TO GET STADIUM APPROVAL

David Beckham and his ownership group are set to receive the green light to move forward with their stadium plans for the new MLS franchise, according to reports.


The group is proposing to construct a 25-000 seat stadium in downtown Miami.

The proposal would be reviewed by the Major League Soccer owners at the annual All-Star game in Chicago. Beckham is poised to get the final approval after scaling legal, political and financial hurdles along the way to having his MLS club.

If the green light happens, ‘Miami Beckham United’ could join the top flight American league as the 24th team. After failure to secure land for the stadium at Little Havana and Biscayne Bay the investment team which includes media entrepreneur Simon Fuller, veteran MLS executive Tim Leiweke and LA Dodgers co-owner Todd Boehly got permission to build at a former truck depot in Overtown. The landmark deal is seen as a bargain compared to the cost of other new-builds this year.

“We are at the finish line after nine years of work to be sure, if we go to Miami, we get it right. David had an option, but that option couldn’t be exercised without having him satisfy all the things that all team owners need to satisfy – the right capital structure with his partners, the right stadium plan, the right marketing and business plans,” the league commissioner Don Garber said.

It’s been three years since the retired footballer put forward his first proposal. While the votes could go anyway like Garber said, the board meeting resolutions would be crucial going forward for the whole project.