Live Video: David Beckham unveils new MLS franchise in Miami
David Beckham has confirmed that he has taken up the option from his Los Angeles Galaxy contract to start a Major League Soccer franchise - and he has chosen Miami.
The former England captain played in the MLS for Galaxy between 2007 and 2012, and exercised the option in his deal with the club to acquire his own franchise .
"This is a dream," the 38-year-old said. "I wanted to create a team we can start from scratch. I know this city is ready for soccer, football, and this is going to be successful."
MLS commissioner Don Garber said: "This is the first time in the modern era that an ex-athlete has joined the ranks of owner.
"As a player and ambassador for MLS he's had an amazing impact on our league.
"He helped motivate champions like Thierry Henry come to the MLS."
Beckham started his playing career under Sir Alex Ferguson at Manchester United before moving to Real Madrid in 2003, before his move to America to play for the Galaxy. After loan spells at Milan he finished his career at Paris Saint-Germain last year.
With 115 appearances for England, he remains the most capped outfield player for his country.
Watch the full press conference from Miami here