David Beckham plans to buy 25 per cent of LA Galaxy with view to buy the club outright

Former England captain set to play his last game for the MLS side

David Beckham plans to take up an option to buy a 25 per cent stake in the Los Angeles Galaxy after he leaves the American football franchise, with a view to forming a consortium to purchase the Major League Soccer club outright.

The right to buy part of a franchise was part of the original agreement with the Galaxy’s owners AEG to bring Beckham to Major League Soccer in 2007. It was agreed with a view to incentivising the 37-year-old, who plays his final game in the MLS Cup final against the Houston Dynamos, to increase the value of the league and the team.

Beckham has the option to buy a new MLS franchise for a fixed price or use that option to buy a stake in a higher-valued established franchise. In the case of the Galaxy he would like eventually to be part of a consortium that takes over the club along with other investors, leaving him as one of the franchise’s owners.

While Beckham could buy a new franchise outright, he is not interested in any other than one of the biggest names in US soccer. Under the terms of his deal he is not permitted to buy the new, second New York franchise which is valued much higher than other recent franchise launches.

It has not been disclosed the exact value of Beckham’s option to buy but he will put his own money in the deal. He has long been a de facto shareholder in the MLS with a percentage of the Galaxy’s commercial deals. For instance, he was entitled to 50 per cent of profits on increased replica shirt sales in his original five year deal.

Much will depend on what price AEG place on the Galaxy. The value of the franchise had been valued at around $100m, especially after the sale of DC United, another leading MLS franchise in November for $50m.

Galaxy are one of the few profitable franchises in the MLS, although there have been major developments in the sport in the last five years. Beckham himself has cited the launch of six new franchises and the building of six new stadiums during his time in the league as proof of the increasing popularity of professional soccer in the United States.

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

Just when you thought your commute couldn't get any worse...

Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

The Real Stories of Migrant Britain

Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
Cheaper energy on the way, but it's not all sunshine and rainbows

Cheaper energy on the way, but it's not all sunshine and rainbows

Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most
Katy Perry prevented from buying California convent for $14.5m after nuns sell to local businesswoman instead

No grace of God for Katy Perry as sisters act to stop her buying convent

Archdiocese sues nuns who turned down star’s $14.5m because they don’t approve of her
Ajmer: The ancient Indian metropolis chosen to be a 'smart city' where residents would just be happy to have power and running water

Residents just want water and power in a city chosen to be a ‘smart’ metropolis

The Indian Government has launched an ambitious plan to transform 100 of its crumbling cities
Michael Fassbender in 'Macbeth': The Scottish play on film, from Welles to Cheggers

Something wicked?

Films of Macbeth don’t always end well - just ask Orson Welles... and Keith Chegwin
10 best sun creams for body

10 best sun creams for body

Make sure you’re protected from head to toe in the heatwave
Wimbledon 2015: Nick Bollettieri - Milos Raonic has ability to get to the top but he must learn to handle pressure in big games

Nick Bollettieri's Wimbledon files

Milos Raonic has ability to get to the top but he must learn to handle pressure in big games
Women's World Cup 2015: How England's semi-final success could do wonders for both sexes

There is more than a shiny trophy to be won by England’s World Cup women

The success of the decidedly non-famous females wearing the Three Lions could do wonders for a ‘man’s game’ riddled with cynicism and greed
How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map