World football legend David Beckham has announced the development of a new Major League Soccer franchise in Miami, per MailOnline Sport on Twitter:

Beckham, who exercised an option to purchase an expansion franchise, spoke about his latest venture and answered questions during an hour-long press conference held in Miami on Wednesday, Feb. 5. MLS Commissioner Don Garber and Miami Mayor Carlos Gimenez were also on hand for the event. 

Both men spoke briefly but praised Beckham and his intentions, per CBS4 Miami on Twitter:

There's currently no timetable on when the Miami-based franchise, which will become MLS's 20th club, will officially join the league, per football writer Dan Dickinson:

But as Sports Illustrated senior writer Grant Wahl points out, there are still some significant obstacles Beckham will have to overcome before the new club becomes a reality: 

When asked about the plans for a new stadium, Beckham confirmed that the franchise would not request public assistance, per Philly.com's Jonathan Tannenwald:

Beckham also hinted at the possibility of constructing the new stadium downtown, per Fox Soccer's Inside MLS on Twitter:

ESPN analyst Taylor Twellman addressed one of the major issues Beckham and his partners will have to overcome in regards to getting a new stadium built exactly where they want:

Beckham also expressed his interest in bringing in marquee players to star for the franchise, making comparisons to the two-time defending NBA champion Miami Heat. At the same time, he hopes to develop local talent via a world-class academy, per beIN Sports on Twitter:

While it remains to be seen how long it will take to get a squad on the pitch, Beckham's star power and the allure of Miami have created lofty expectations. But according to Beckham via The FA on Twitter, South Beach is ready to take the next step:

A native of London, Beckham has starred for some of the globe's most recognizable clubs, including Manchester United, Real Madrid and MLS's Los Angeles Galaxy.

The 38-year-old won several titles over the course of his career and has an unparalleled global platform.   

With one of the world's most recognizable faces and iconic footballers in Beckham headlining the project, the franchise will have a lot to live up to and continue to generate plenty of buzz.

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