David Beckham’s move LA Galaxy He stunned the football world back in 2007 – but the complex and unique deal he negotiated will save him huge nine-figure sums.
This U.K. legend chooses to move to Major League Soccer From real Madridsign the contract Five-year contract with GalaxyHe took a 70 per cent pay cut to complete the transfer, with his annual wages set at £5.4m, down from the £16.6m he earned at the Santiago Bernabeu.
While his weekly paychecks are smaller than he’s used to, beckham Being able to negotiate several different terms ultimately helped him make more money. As well as a clause that sees him earn a percentage of all team revenue, the winger also has a deal with MLS itself.
As highlighted by sports business experts Joe Pompliano, Beckham negotiated the right to buy the MLS expansion team for £20.2 million. That figure is 150 percent higher than what Toronto FC owners paid to bring the Canadian team into the league in 2007.
But Beckham’s arrival has seen Major League Soccer grow exponentially, with attendance up 40% and annual TV revenues rising more than 3,000% from £6.4m in 2006 to a staggering £203m this season .
MLS has also added seven new clubs since Beckham left the Galaxy for Paris Saint-Germain in January 2013, while the value of league franchises has soared from £30m in 2008 to today’s £30m. £472 million.
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The sharp rise in valuations means clubs have to pay more to play in the league. New York City paid £91m to get in in 2015, while Cincinnati paid £122m four years later.
So, when Beckham comes to form his Inter Miami squad, it means he’ll be getting a huge discount. That’s exactly what happened in the game, with Beckham’s side taking to the field in their first match in March 2020.
Inter Miami joined MLS at the same time as Nashville, which paid more than £120m to enter the league itself. This means that Beckham saved around £105m when he exercised his option.
Under Phil Neville, the side reached the MLS play-offs last season and they are already the 10th most valuable club in MLS with a value of £473m. The sum is 2,240% more than what Beckham paid for the expansion.It’s been a long battle from exercising his discount clause for the first time to Inter Miami’s actual start of their first match, and the former Manchester United The superstar admitted he was injured.
“I want to be able to create a legacy that my kids can look back on in 20 years and say, ‘My dad built this club’. There are times when I look and I think it might not happen,” said Beckham at Inter Miami. Said before the first game.
“The biggest lesson is that I’m more persistent than I thought I was, I’m more stubborn than my wife thought. I’m obviously not from Miami, I’m from East London. So, I go to Miami, try to buy a piece of land, talk to politicians, and actually It didn’t get us anywhere, which was fun.”