David Beckham, who retired from playing soccer in May 2013, is starting a new U.S. Major League Soccer team.
According to Fox News Latino, Beckham had been debating over which location to choose for the MLS team, but has finally decided to pay $25 million to launch an MLS expansion team in Miami.
"We know that Miami is one of the most passionate soccer markets in North America," MLS Executive Vice President Dan Courtemanche told the Associated Press.
"We have met with David Beckham regarding ownership of an expansion team, and we look forward to David one day owning an MLS club."
In June, the 38-year-old retired player paid a visit to two Miami stadiums and declared the U.S. city would be an "exciting" venue for a top-flight soccer team.
But while a city selection has been made, a formal announcement by Beckham's management team over Beckham's franchise ownership option is still not ready.