David Beckham left the L.A. Galaxy in December but will return to MLS as an owner. (Stephen Dunn/Getty Images)
Soccer superstar David Beckham has settled on Miami for the location of his Major League Soccer franchise, according to the Associated Press.
Beckham's 2007 contract with the MLS included an option to purchase a franchise once he had retired for the discounted rate of $25 million, and he is hoping to get the Miami franchise up and on the field in three years, making it the league's 21st team.
The former Manchester United star is currently in talks with a variety of partners to raise the hundreds of millions of dollars it will likely cost to field a team and build the necessary infrastructure, although the team may start playing its games in a previously existing stadium.
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MLS has previously spoken of its hopes to expand to 24 teams by the year 2020 and is set to unveil New York City FC, which is co owned by the English Premier League's Manchester City and the New York Yankees, as its 20th team in the 2015 season.