David Beckham's new football team will not start playing the Major League Soccer until at least 2016.
With no stadium to play in, one of Mr Beckham team's first task will be finding a suitable site for the club's home venue.
Asked about public investment into the team, Mr Beckham said he is not looking for government grants. "We don't want public funding. We want to fund the stadium ourselves," he said.
Mr Beckham announced his plans to build a new team in Miami. Starting the team from scratch, he is outlining the next steps in the process of securing the franchise.
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After Roy Hodgson's resignation following England's humiliating exit from Euro 2016, who are the leading contenders to replace him?
The beleaguered Labour Party leader is clinging onto power in the face of as many as 150 MPs voting to remove him from the top job today.
Mr Osborne said he is "not the person to provide the unity my party needs".