Beckham exercises option to buy MLS team in Miami

CREATED Feb. 5, 2014

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MIAMI (AP) - David Beckham has exercised his option to purchase a Major League Soccer expansion team in Miami, and the deal will be finalized the former English national team captain he can secure a financing plan and location for a new stadium.

The latest development in the pursuit of a Miami team was announced by MLS Commissioner Don Garber at a news conference Wednesday. Beckham and Miami-Dade County Mayor Carlos Gimenez also attended.

Beckham has scouted possible stadium sites and is seeking investors to assist with startup costs such as construction and player acquisitions. Among those who might become involved is Beckham's friend LeBron James, who has had recent conversations with the retired soccer star about bringing a team to Miami.

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