David Beckham Transfer Rumors Are Over, Becks Will Remain with the Galaxy

Throughout the last five years, David Beckham has been helping to build the brand that is Major League Soccer to both the United States and the world.

After months of speculation, the English star is now set to stay in Los Angeles and finish his career there.

Today, Paris Saint-Germain President Nasser Al Khelaifi said at the Qatar Open tennis tournament: “David Beckham is in Los Angeles. And he's going to stay there.”

It was revealed this Christmas that Beckham and his family discussed the possible move to PSG and decided to accept a rolling contract that would allow the English star to continue playing with the club until he decides to retire.

After Beckham won the MLS Cup, it was massively reported that Beckham would be joining PSG, with even more reports suggesting that he could join the club during the the tennis tournament that the PSG president is currently attending.

PSG have been building themselves into a major football club during the last several months with Qatar Investment Authority deciding to buy 70 percent of PSG shares from then-owners Colony Capital last May.

They had already signed some expensive players over the summer transfer window and had just made former AC Milan and Chelsea boss Carlo Ancelotti into their new manager.

When discussing this move earlier today, PSG sporting director Leonardo revealed the deal was off, saying:

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"It's over. It's a shame. But the welfare of his family in Los Angeles, the wish not not to change everything in his life, weighed heavily."

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Now that this move is all but official, Beckham can still join the Great Britain Olympic football team for the 2012 Olympics in London.

Stuart Pearce, in charge of the Great Britain Olympic team, assured Beckham that his place at the London Olympics would not be jeopardized if he remained with the Galaxy.

Of course Beckham saw his spot with the English national team put into jeopardy due to his move to MLS, causing him to move to AC Milan in winter loans in 2009 and 2010.

After winning the MLS Cup for the first time in 2011, Beckham will look for his Galaxy to repeat as MLS champions in 2012. The Galaxy already have Irish star Robbie Keane and American star Landon Donovan on their squad along with some talented young players.