David Beckham will set up his new MLS franchise in Miami, it seems, with a story first reported by the Associated Press being backed up in a number of newspapers.
Beckham has had a long-standing option to start a franchise for £15 million and has decided Miami is the place to do it, although he will have to beat out other investors also keen to bring a football team to South Beach.
With the "buy-in" also well below the market price for such a franchise, there is speculation that Beckham could set up the team and then sell it on almost immediately for a healthy profit.
Sky Sports, for who Beckham is a brand ambassador, reports:
David Beckham has selected Miami as the city where he intends to set up a Major League Soccer franchise, according to Sky sources.
While a deal to complete Beckham's move into ownership is yet to be agreed, it is understood the former England captain has named Miami as his final choice.
He has an option to buy a franchise for £15m, although he will face competition from around the world if he is to realise his ambition of owning an MLS club.
It is understood that should Beckham win the race to set up a team in Miami, he could then look to sell it to potential investors for almost treble the discounted £15m asking price.
AP, via the Daily Mail, reports that Beckham hopes to have the team playing by 2016 and may immediately bring in other investors as part of the project.
Montreal, San Diego and Orlando were also considered by the former Manchester United and Real Madrid player.