Toronto FC
Columbus Crew SC
11:00 PM UTC
Game Details
Germany U20
Vanuatu U20
LIVE 61'
Game Details
Mexico U20
Venezuela U20
LIVE 58'
Game Details
England U20
South Korea U20
11:00 AM UTC
Game Details
Guinea U20
Argentina U20
11:00 AM UTC
Game Details
Chicago FireChicago Fire
FC DallasFC Dallas
Game Details
ESPN FC  By ESPN staff

David Beckham ready to sell Miami United FC shares to fund team - report

Beckham UNICEF Ball 160112
David Beckham is reportedly shopping shares in his proposed Miami-based MLS team.

David Beckham is shopping around shares in Miami United FC in order to help fund the proposed Major League Soccer franchise, even if that means the former Manchester United and LA Galaxy player might not be a majority owner, according to a report in the Miami Herald.

Former England captain Beckham has spent the last six months trying to find equity partners to help cover the estimated $300 million in funds required to secure a stadium site, build out a front office and sign players to the club, according to the report.

The Herald cites sources "close to the negotiations" saying there is "vast interest" from investors including Qatar Sports Investments, who own another of Beckham's former clubs, Paris Saint-Germain, and Chelsea owner Roman Abramovich, among others.

Tadd Schwartz, the spokesman for Miami Beckham United, told the Herald: "We're performing our due diligence on our stadium site as we move toward the acquisition of privately held property and a third county-owned parcel over the coming weeks."

In November, Tim Leiweke, Beckham's partner who is leading negotiations for MBU, admitted that a deal to have the necessary funding in place to close the stadium land deal was in serious danger of falling apart.

The group reportedly wants to have a deal in place for a 25,000 seat stadium in Overtown, northwest of downtown Miami, by the end of February.


Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.