Beckham 'to form Major League Soccer team in Miami'

David Beckham is going to start a Major League Soccer team in Miami, according to reports.

The former Manchester United and Real Madrid midfielder, who retired from football in May, is set to take up the option of becoming a team owner which was included in his contract when he signed for LA Galaxy in 2007, a source told The Associated Press.

David Beckham retired from football in May after winning more than 115 caps for England. Credit: PA Wire

Beckham will pay $25 million (£16 million) to start the Miami team, although the 38-year-old will still have to gain approval for his plans from the MLS.

Simon Fuller, the creator of American Idol and a prominent business partner of Beckham, will be a significant shareholder in the franchise.

Beckham is also looking for other investors to raise money to create a squad, build a stadium and pay for other set up costs.