Beckham's Miami franchise to be announced on Monday

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Sat, 27 Jan 2018 - 08:00 GMT

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Sat, 27 Jan 2018 - 08:00 GMT

David Beckham poses for photographers at Old Trafford, ahead of his upcoming charity soccer match against a Rest of the World team led by Zinedine Zidane at Old Trafford to raise awareness and funds for UNICEF, in Manchester, Britain, October 6, 2015. REU

David Beckham poses for photographers at Old Trafford, ahead of his upcoming charity soccer match against a Rest of the World team led by Zinedine Zidane at Old Trafford to raise awareness and funds for UNICEF, in Manchester, Britain, October 6, 2015. REU

CAIRO – 27January 2018:After four years of problems, David Beckham will present his Miami team for MLS in South Florida next Monday.

After closing an agreement for the construction of the franchise's stadium, the American professional league has given the final approval to the project.

The construction of the stadium was the main issue that has delayed the presentation of the team all these years; now that the matter has been resolved, Beckham's franchise could debut in the competition in 2020.

The group of investors that supports the former player has changed significantly since February 5, 2014, when the MLS announced that the former player exercised his option to buy an expansion spot in the championship.

One of the main investors in the club, Todd Boehly, left the initiative and gaveway to local businessmen Jorge and José Mas and Bolivian entrepreneur Marcelo Claure.

Beckham reached an agreement to pay $25 million for a place in the championship. The new teams are now paying about $150 million to participate in the championship.

The ceremony will be held on Monday in South Florida, at the Knight Concert Hall of the Adrienne Arsht Center, in the presence of David Beckham, MLS Commissioner Don Garber, and the team's top shareholders, as well as politicians of the state and the city.

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