David Beckham’s goal to obtain an expansion Major League Soccer (MLS) team took a step closer to becoming reality. According the Miami-Dade County Mayor Carlos Gimenez, Beckham has signed a nonbinding letter of intent to buy a property in downtown Miami to house a stadium. The land is adjoining to a private lot that Beckham and his ownership group have previously secured. Beckham is proposing a 30,000-seat stadium in the Overtown area. The sales price will be determined by the fair market value of the land. Beckham’s current deal would have to be approved by the Miami-Dade Commissioners prior to completion.
While this is a positive development, this is not the first time Beckham has been close to acquiring land in Miami for his franchise. Recently, Beckham was in negotiations to acquire privately owned land in Little Havana for his venture. However, those discussions appear to have fallen apart. Prior to that, the Miami-Dade Commissioners rejected the group’s proposal on Dodge Island.
The Beckham group intends on exercising a clause from Beckham’s 2007 contract with the Los Angeles Galaxy which would allow Beckham to purchase an MLS franchise at a significant discount.