Adidas' Bets $700 Million That MLS Becomes a Top American Sports League

Lester Mason
August 4, 2017

Miami's quest for MLS began in February 2014, when it was announced that Beckham had exercised his option to own an expansion team and had set his sights on Miami.

"Major League Soccer has built a legacy with adidas that has been essential in the rise of our league", MLS Commissioner Don Garber said in a statement.

"'Take your time to do that and we hope to be in Miami in several weeks time to be able to celebrate with David and his partners'".

Garber said Wednesday night he wanted to be precise about Beckham's Miami franchise.

The vote in Chicago - site of owners meetings that preceded the MLS All-Star Game - allows Garber and a committee of other league owners to proceed on the final things that need to be done before the franchise can be officially awarded.

The investment group still needs approval from the city of Miami for zoning changes needed to build the new stadium. MBU finally settled on the Overtown site in late 2015, and made an initial six-acre purchase from a private owner in March of 2016. That window expires September 10, a county spokesman said, and was inserted to give Beckham time to win MLS approval for the team.

Garber stopped short of saying he expected full approval of the deal on Wednesday.

The athletics-goods producer will remain the official supplier of MLS youth academies, development leagues and youth-affiliated clubs, which means the partnership covers over 85,000 soccer players. Los Angeles Dodgers co-owner Todd Boehly would be the majority owner. Beckham's group found it hard to navigate the particulars of Miami politics, and endured several failed attempts to find a stadium site.

Rendering of the soccer stadium.

Though Garber insisted MLS is not ranking the markets, he did say "Sacramento putting a shovel in the ground [for its new stadium] this week was a great move".

Some cities, including St. Louis and San Diego, have had stadium plans falter since submitting applications in January to join MLS.

The Miami-Dade deal sparked instant friction with city leaders over a demand that only county police and paramedics receive lucrative off-duty shifts inside a stadium that falls under Miami's jurisdiction. However, it appears that that vote moves them just one step closer to that goal; that being said, Garber is confident that the deal will get done.

Garber uses the All-Star game like many commissioners do, as a chance to hold court on league activities, a sort of state of the union if you will.

Other reports by Iphone Fresh

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