David Beckham made an announcement with MLS that he would bring an expansion team to Miami over two years ago. Since that time, things haven’t gone very smoothly. Beckham has struggled to find a suitable site to build a stadium.
First, Beckham tried to get public funds for the stadium. When that fell through (as it did in fellow Florida city, Orlando) he started exploring other options. Now Beckham is talking to his super rich friends to look for additional investors to spread the risk.
Beckham actually acquired his MLS expansion club for a mere $20 million.