Report: Miami Beckham United adds new investor

More than three years after first announcing plans to exercise his option on an MLS expansion team in Miami, David Beckham's group is still without a finalized stadium plan but has added a new investor, Los Angeles Dodgers co-owner and media mogul Todd Boehly, reported ESPN FC.

Jeff Carlisle's report followed reporting by the Daily Mail's Charles Sale of Boehly's involvement in Miami Beckham United.

ESPN FC reported that the new deal was discussed at the MLS Board of Governors' meeting in Colorado Springs but it confirmed the Daily Mail's reporting that some MLS owners were unhappy with additional investors piggybacking on Beckham's deal for a cut-price expansion team ($25 million).

Boehly's media business -- Eldridge Industries -- recently concluded a funding agreement in DraftKings. Another investor in DraftKings is the Kraft Group, which owns the New England Revolution.

Eldridge Industries' other interests include Dick Clark Productions, Billboard and The Hollywood Reporter, Spin Media and Mediabistro.

Miami Beckham United has been seeking for more than three years to get a stadium project off the ground. Deals at three sites -- PortMiami, downtown Miami and Little Havana, next to Marlins Park -- collapsed.

Miami Beckham United then turned its attention in 2015 to Miami’s Overtown neighborhood, where it purchased two pieces of land covering six acres but needs to buy another three-acre plot of land from Miami-Dade County.

advertisement

advertisement

Only last month Miami-Dade commissioner Xavier Suarez said he was losing patience with Beckham's plan for the soccer stadium on the site, which houses a vehicle depot and could be used to build affordable housing.

Next story loading loading..

Discover Our Publications