David Beckham to launch Major League Soccer franchise in Miami

David Beckham may have announced his retirement from soccer earlier this year, but this doesn't mean the footie star isn't keeping busy.

The former England captain has chosen Miami as the location for a Major League Soccer franchise he hopes to own, reportedly seeking to buy the team for $25 million. He faces stiff competition from other franchise-owning hopefuls around the world, as 12 other groups have shown interest in owning the brand.

David, 38, also apparently considered other locations, including Montreal, before settling on the urban Florida city.

Apparently, the venture has been part of Victoria Beckham's husband’s retirement plan all along; an option to set up an MLS franchise at a 25 per cent discount was written into his contract with the Los Angeles Galaxy, which means he could snatch up the team for a major steal.

That’s not to say the Beckhams are cash-poor these days. David's income has actually surged since his retirement, thanks to high-profile endorsement deals with H&M and Adidas.

Victoria's fashion line, meanwhile, earns her a whopping $166,000 a day. Together, they are estimated to be worth around $315 million. 

The couple recently sold their $20-million Hertfordshire home and are planning to move to London (reportedly, they have their eyes on a on a $75-million four-storey mansion).

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